Insurance for West Virginia Triplex

4 Replies

Hello! I'm under contract on my first income property and I'm concerned about the quotes I'm getting on insurance. From what I've been reading, I was estimating I would pay $1000-$1500 a year in insurance but so far either the companies have said they aren't opening new policies in my area or the quotes have been $2500-$2800. I will be living in one unit and renting the other 2. What is a reasonable expectation, and who do I need to contact to get it?

I'm not sure of who to contact but I know from my agent here in Virginia that for a while his company wouldn't write policies in WV because it was actually legal to burn your house down.  Not sure if this is still the case.  

I'd say shop around with 4-5 companies and see what you come up with.  

Let go Mountaineers !!  Class of 2000

Smart Tech For The Smart Landlord
The Smart Way To Manage Your Rentals
Enjoy growing your portfolio without paying more for it. Unlimited units & easy-to-use apps.
Get Unlimited Units