Landlord Insurance recommendations for Union Square rowhome

[Edward Howell, V]

My Auto/Homeowners on my PR are through Geico, so, naturally I turned to them. I close on my 1st investment property (hopefully) 1/5/17. My lender asked me to get a quote so she can work on my HUD. I was honest with Geico and told them the roof needed to be resealed. They are saying they can't even give me a quote until I get the roof sealed. Obviously, I cant do that until I close on the property and can't close without insurance. I'm still shopping around, but Liberty mutual is quoting me $2300+ for the year with %1500 deductibles. The purchase price of the property is 41K. To me that seems really high. I pay $525 on my PR PP 260K Manassas Park, VA. Is doing business in the city of Baltimore/Landlord insurance really that much more expensive? Is it because my house is located in the crust of Union Square? Can anyone recommend a local company or someone who specializes in the type of insurance I need? this is my first one and I'm still learning. It's literally taken me this long to figure out how to post in the Baltimore Forum.

[David Fernandez]

@Edward Howell, V, you can try with Luray Insurance. They sponsor a big local REIA group and work with lots of investors. I've used to purchase a fire dwelling insurance for one of my rental properties in Baltimore City and both service and price were great.