What's a reasonable landlord insurance rate for a 100k SFR?
I'm buying my first rental property in Rock Island, IL. It's a single-family home, purchased for $100,000. I'm just curious: what is a reasonable annual rate for landlord insurance for such a home? I did get a quote from Geico for $697/year, which includes structure, liability, and loss of rents up to $8,000. Given that my cash flow before insurance will be about $250/month, does $697 make sense or should I be looking for something lower?