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Updated almost 6 years ago on . Most recent reply

Simon Obas's profile image
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Simon Obas
  • Rental Property Investor
  • Member since May 8, 2019
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Simon Obas's profile image
Simon Obas's profile image
Simon Obas
  • Rental Property Investor
  • Member since May 8, 2019
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Simon Obas
  • Rental Property Investor
42
Votes |
199
Posts
General Real Estate Investing

Average home insurance price for triplex in CT?

Simon Obas
  • Rental Property Investor
Posted

Hey y’all. I’m buying a 3 family home in Connecticut and shopping for insurance. I’ve been getting quotes between $3000-$4000 annually. Seems a bit high to me. How much are you paying for home insurance on a triplex? PS-the house is $4000 square feet.

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Edward Liu's profile image
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Edward Liu
  • from Palo Alto, California
  • Member since Apr 23, 2017
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Edward Liu's profile image
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Edward Liu
  • from Palo Alto, California
  • Member since Apr 23, 2017
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Edward Liu
  • Palo Alto, CA
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230
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Edward Liu
  • Palo Alto, CA
Replied

I recently purchased insurances for 2 different duplexes in Hartford area, cost about $1500 per year for each property.  Insurance is full replacement cost along with $1M liability.  The insurance is through 'the Andover Companies' and purchased through a broker.

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