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Joel Oh
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Almost $350 per month for insurance??!

Joel Oh
Posted Oct 2 2022, 21:20

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? 

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