How to calculate insurance when analyzing deals

[Palani (Pono) Wright]

Kind of a rookie question but is there a site or a universal formula to estimate insurance when analyzing deals other than contacting a insurance agent in the specific market? 

[Joe Funari]

@Palani (Pono) Wright It depends on the state your looking in. Not all insurance agents work in all states either. But here on BP you can request landlord insurance recommendations for specific market. But here in the Dallas/Ft. Worth market a good rule of thumb for new investors I recommend annual landlord insurance at $1200 per year. Again, this is a general rule when calculating a deal. But once you get a property under contract an good insurance carrier can get you a firm quote pretty quick.