Home insurance for investment properties

[La T.]

Hello,

Can folks please share experiences with home insurance for investment properties?

The properties I am looking at are less than 10 yrs old.

Is there anything such as typical coverage or deductible?

Any tips for a first timer?

Any experience with State Farm or Ameriprise?

Thanks for the help.

LaTha

[Matt Holmer]

@La T.

I use State Farm for everything.  Their auto is a little higher (but great coverage and good claims handling) but their homeowners is typically cheaper then what I've seen.  I'm right around $600/year for properties with around $100,000 in coverage and $300,000 in liability.  That is no non owner occupied. Deductible is $1,000 for each.