Hi There, 

I am having a hard time finding what a "good" or "conservative" number would be to use when calculating insurance on 2, 3, or 4-plex's to add to my expenses. I know I could go and get a quote each time, but that isn't really feasible when I'm in the general stage of focusing in on properties. Does anybody have any resources to help me find a good number to use at this macro view of property? 

Thanks so much! 

@Tyler Jordison - get quotes on several properties you are analyzing so you learn what insurance rates are for your area and the different types of properties you look at. Then you can get a rough idea to use in estimate. There are a lot of factors that come into play like how old the home is, home close it  is to a fire station, how the home was built, how many levels, the value to rebuild, will there be an alarm system, etc. 

You might get a couple insurance agents to chime in online. But I would also recommend networking at your local REIA with insurance agents. Offer to buy them coffee one morning or take them to lunch to pick their brains. They might give you a clearer picture on local insurance rates.

One quote should be enough to give you a rough estimate, especially if you ask for a quote on one of the most expensive properties that you are considering just so that your numbers are conservative.

@Andrew Kerr , @Aaron Klatt    Thank you gentlemen, your responses were very helpful!