In a deal analysis, what insurance amount for the input?

Question

Kristen L Garner · Answer

Calling a broker to get a ballpark like @Chris Seveney said  or getting an online quote will always be the most accurate but if you want quick numbers - Nerdwallet has a "by zipcode" feature:

https://www.nerdwallet.com/article/insurance/estimate-home-i...

Chris Seveney · Answer

Call a broker and ask them to give you a ballpark way of calculating it. For example if you were looking for a specific area in florida that was a single family home they may say calculate $2 per $1000 of value. They can give you a pretty good idea.

John Mocker · Answer

William,

If the properties are in FL, you may want to have a discussion with several Independent Agents.  The major Insurance companies have either Pulled out, Limited writings or stopped writing entirely.  Add to that Windstorm Pool areas, roofing restrictions (many companies will not write over a specified age for the roof), etc.  Get educated on what will cause problems getting coverage or will cause higher rates.  Once you know that, the properties where average costs are not close may be apparent.

In a deal analysis, what insurance amount for the input?

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