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Updated almost 7 years ago on . Most recent reply

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Joel Brown
  • Investor
  • Grangeville, ID
34
Votes |
85
Posts

Normal amount for good home insurance in Memphis

Joel Brown
  • Investor
  • Grangeville, ID
Posted

I'm waiting on a second quote for property insurance, I close on in a week. It is in zip code 38117 a 3/2 , 1025 sq feet. I am paying $55K, value ~$75-80K, insured replacement value $100K. 

My quote was $1009/year or $84 /month. I have $400K houses in Southern Utah with pools and 10 years old and I pay $60-70/month with all the bells and whistles.

Memphis investors is this a really high quote or as that the norm. Any agents and insurance agencies you would recommend? I want to insure it right but affordably.

Most Popular Reply

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7,695
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7,860
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Caleb Heimsoth
  • Rental Property Investor
  • Durham, NC
7,860
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7,695
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Caleb Heimsoth
  • Rental Property Investor
  • Durham, NC
Replied

Joel Brown that seems high but see my other comment about my insurance. For my properties worth around 75k and 1100 square feed I pay 40-42 per month per property.

2500 dollar deductible

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