Suggestions on Insurance for 3 Unit Property

2 Replies

I’m under contract for a property at $50k and the replacement cost is approximately $275k. Most of the insurance quotes I’m getting is around $2500. ACV at $550. The Replacement cost quotes are Much higher than I expected. This is a non owner occupied property. Are others experiencing rates in this range?

Hi Skylar - I'm not familiar with pricing in your region, but contacting a trustworthy Independent Insurance Agent in your area will help a lot.  Being Independent means the Agent can shop lots of carriers in order to find the best rates and coverages for you.  Try contacting @Jason Bott .  He has helped out a lot of Investors in your area.  Good Luck.

@Jason Bott