Home Owners Insurance For Property In Baltimore
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!