All Forum Posts by: Sela Kwizera

Hello, it's my first time buying a property and I'm stuck on how much coverage I need for insurance. I'm in the middle of purchasing a 225k property. it's a 2 unit property. I have two different quotes. I'm not sure what to go with.

which one seems like a reasonable insurance quote?

Quite 1 progressive insurance 

Premium 3200

Section I - Property

Coverage A - Dwelling 495,000

Coverage B - Other Structures 49,500

Coverage C - Personal Property 247,500

Coverage D - Loss Of Use 148,500

Quote 2: Farmer's Insurance

Premium 1,652

Section I - Property

Coverage A - Dwelling 359,000

Coverage B - Other Structures 17,950

Coverage C - Personal Property 197,450

Coverage D - Loss Of Use 71,000