Home Owners Insurance For Property In Baltimore

[Eric Guth]

Hi, I just received a quote for a 2 unit property I am acquiring in Baltimore and wanted to know what you guys thought about it. 

The quote is:

deductible-1000.00

dwelling - 170,000.00

Other structure-17,000.00

personal property-119,000.00

loss of use-51,000.00

personal liability-500,000

medical payments-5000.00

water backup-5000.00

Price is 679/yr

The property is being bought using a fha loan, so we will be living in one unit and renting out the other. Does this seem like a pretty reasonable plan? Are there any other coverages I should try and get, or should I bump any of these coverages? I have never dealt with home owners insurance before so any help would be great!

Thanks!

[Ned Carey]

That is a reasonable price for insurance for a two unit. We are paying a little less but that is for a policy for 6 properties total.