Hello @David Thomas, hope you are well. What coverage amount are you basing a quote of 1000 to 1200 on? In my experience the TNT insurance broker is suggesting about $200 per Sq foot in NJ to rebuild, resulting in 1300 a 1800 per typical 2 family in NNJ. Thoughts, am I being taken for a ride?
The $200/sq ft sounds correct for rebuild but thats just to determine replacement cost. Your actual policy premium will have many other factors as you probably know - age of home, condition, owner vs non-owner occupant, security features, location, and on, and on! Increasing your deductible a bit will lower the cost as well, but the key is to shop around. Its worth the effort.
Liberty mutual said they would not be able to insure my duplex. It is in an LLC name so it had to be a commercial policy. I am insured through Fidelity and pay just under $2k with $700k replacement cost (3500 sq ft so $200/ft is right on).