Home/Landlord Insurance Rates on Tulsa Buy & Holds

[Account Closed]

Hello all, I was curious to see what some of you were spending monthly on home/landlord insurance on your rentals. I received a quote today on a 3/2 1,400 SF home today that was $122 per month ($1,460 / year) that contained $500K in liability coverage. It seemed a bit high to me in relation to my primary residence so I wasn't sure if what I was getting sounded right. I know OK is notorious for high insurance rates, so there's that as well.

Thanks!

[Deren Huang]

That seems really high. 

I usually ask my insurance agent to insure 80% of their "appraised" price, they usually realllllyyy overcompensate the value. ex. I buy a rental at 80k+20k repairs, they would insure for 170k or something like that. 

If you pm me, I can share my insurance agent.