Almost $350 per month for insurance??!
Hello guys,
I just purchased a four plex in St.Paul, MN.
I am planning to run it as mixture of short term and long term rentals since there are existing 2 long-term tenants.
I got the quote from my usual insurance company and what seriously?
They gave me quote of $4000 for smaller than 3000 sq ft house!
I understand this is over 100 years property but seriously $4000?
I got a second quote from a different company, and they gave me close to $4000 as well.
This is blowing my mind. I was expecting maybe $2500~3000 but w.o.w.
Insurance is seriously making me to consider flip instead of renting.
Is there any insurance company that covers short-term and cheaper in MN?