Normal amount for good home insurance in Memphis
I'm waiting on a second quote for property insurance, I close on in a week. It is in zip code 38117 a 3/2 , 1025 sq feet. I am paying $55K, value ~$75-80K, insured replacement value $100K.
My quote was $1009/year or $84 /month. I have $400K houses in Southern Utah with pools and 10 years old and I pay $60-70/month with all the bells and whistles.
Memphis investors is this a really high quote or as that the norm. Any agents and insurance agencies you would recommend? I want to insure it right but affordably.
Most Popular Reply
Joel Brown that seems high but see my other comment about my insurance. For my properties worth around 75k and 1100 square feed I pay 40-42 per month per property.
2500 dollar deductible