Finally about to close... but am I getting shafted on insurance?

[Justin F.]

Whoop! Hi Biggerpockets,

So I'm finally 2 days away from closing on my first rental. :cool: Very cool.

Anyways, am I being shafted on insurance? I feel that this premium might be expensive for what it's offering. Take a look:

Dwelling Building Protection: 110,000
Deductible: 1,100
Deductible (Wind/Hail): 2,200

Total Annual Policy Premium: 1575.37 :oops: :cry:

The house isn't even that old (build in 1986) with roof replacement and major updates in 2006.

Let me know if this is expensive..

(p.s. policy went up 200 in the last week cause the closing agent didn't have the information from the bank to close on time)