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Updated almost 5 years ago on . Most recent reply

Miguel Oliviera's profile image
Miguel Oliviera's profile image
Miguel Oliviera
  • Rental Property Investor
  • from New York
  • Member since Dec 5, 2019

User Stats

46
Posts
10
Votes
Miguel Oliviera's profile image
Miguel Oliviera's profile image
Miguel Oliviera
  • Rental Property Investor
  • from New York
  • Member since Dec 5, 2019
Miguel Oliviera
  • Rental Property Investor
  • New York
10
Votes |
46
Posts
Insurance

DP3 Insurance Coverage

Miguel Oliviera
  • Rental Property Investor
  • New York
Posted

Hi BP Community,

I am getting quoted on a DP3 policy for a SFR in Jacksonville, FL. Purchase price was $84k and home value is $145k. I received a quote for an annual premium of $935 for $100k of liability coverage and $3k of medical payments. My insurance broker is recommending that I get additional coverage with another carrier to get up to $300k of liability coverage.

Open to hearing your thoughts on this coverage and what should be the right amount of coverage for this house. Thank you in advance!!

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