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John Thedford#5 Wholesaling Contributor
  • Real Estate Broker
  • Naples, FL
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Insurance On SFR In SW Florida---It's Outrageous On Some Properties

John Thedford#5 Wholesaling Contributor
  • Real Estate Broker
  • Naples, FL
Posted Apr 5 2015, 03:50

Hello all: I just got my insurance premium bill for a SFR I own in Cape Coral. The house is a 3/2/2 built 1980. It has about 1600 SF, is CBS, has a newer roof, and a pool. Because it is held in a S corp the liability insurance is a different policy. Problem: almost 3K a year in property insurance. The property is worth about 155K. As an example, I have a different property build in 2006 with about the same value and the insurance is under $1300. Any suggestions on who to try for a different insurance quote? 3K a year is really biting into my ROI.

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