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Updated over 1 year ago on . Most recent reply
What are some affordable Landlord Insurance Policies
Most Popular Reply
It's nuts how different they all are even by mere district! I had this same question the other month.
My tips (for any newbs out there as I was):
1) Ask your mortgage broker and everyone for rec's (shockingly, it was my mortgage broker who helped me on this!)
2) Call 5 people / email -- I was very finicky when people didn't reply. It was crazy. I thought: "If they can't even reply to a potential paying customer, how will they perform, heaven-forbid, if/when I need them?!)
3) Keep a baseline request so the quotes can be compared properly E.g.: replacement cost + liability for xxx amount
2k seems crazy (if it's 1 door / no claims / not a flood zone / [strange circumstance here]) I heard that Travelers is overpriced.
Perhaps try a broker in addition to some that are company reps from State Farm / All State / Progressive could probably find you a better deal.