High Insurance cost and llcs

[Rebecca Oliver]

Hello,  

I finally found the property I wanted for my first STR. I found a lender who said we needed to put it in a LLC. so I made one of those and everything was going smoothly until I went for insurance quotes. Due to it's location near the coast (about 45 minutes away) it requires hazard insurance so between that and the general liability insurance I was told we needed just to get the underwriting for the hazard insurance, the total insurance cost a month is $425. Did NOT see that one coming. Is this common? How are people able to market with the low insurance numbers on realtor sites if it's required to have so much? Did I make a mistake by putting it into a LLC? Any advice to get it lower?

Thanks,

Rebecca