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Updated over 3 years ago,
Quick Insurance Cost Estimates in Deal Analysis
I'm running through deals with the Rental Calculator and it recommends talking to an insurance agent. I get that I would need to do that if the numbers are close enough on a deal to get serious about it, but are there some ballpark rules of thumb that can be used to use a budgetary number in my calculations to see if a deal is even in the ballpark before I bother an agent to get me an actual quote? Something like 1% of ARV, or something similar? I'm working in the Kansas City market.
Thanks in advance for any insight, advice, rules of thumb, etc!