Landlord insurance how much

[Wendy Busa]

New to investing. Trying to analyze rental properties for cash flow. It just dawned on me that not only do I need to figure in homeowners insurance but I should I be adding in landlord insurance to my expenses?

Also spoke with a local Insurance company that was recommended by the REIA. Just to get a very broad ballpark asked for a quote on a 3800 square-foot duplex, and the ballpark was about $1500-$1700, it was built on 1950.

I know there are a lot of variables that go into figuring out what the insurance would be based on the property specifics, but when you’re doing a quick analyze how do Calculate how much you should put in for landlord insurance without getting quotes for every single property? Thank you