Are the insurances for brand new townhouses in Florida usually much lower than SFR's?
The cash flow prospects of the townhouses in FL was surprisingly good so I'm evaluating them for my next investment. The insurance cost is an unknown so I'd love to get some expert opinions. Thanks!
They are not much lower when comparing a new townhouse to a new home but they are a bit lower. This is probably due to being lower replacement value? I'm not an expert but I guess my point is that there won't be an surprises with insurance. It will be pretty low if inland! I'd be surprised if you cant find a quote under $1500 a year. Use the rule of 3 to compare at least 3 quotes before settling! I noticed no one responded so I wanted to give your question my best shot. I have a couple great insurance agents in Jacksonville/St. Augustine if you'd like their information.
Dylan Barbetti - Investment Savvy Realtor in Jacksonville/St. Augustine