Cost of Land Lord insurance

[JonPaul Kessinger]

I am working on my first property and it's a pocket listing. I have the lawyers creating a purchase agreement, I have financing in line and I am working on getting my Landlord insurance. I was just quoted $130 a month for it. From my understanding that's way too high right? I'm purchasing the home for 55k and I would guess it would only appraise for 70k max. Any advice on how to get a lower rate but not get an awful policy?

Thanks!