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User Stats

71
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22
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Tony Guardado
  • Rental Property Investor
  • Canton, OH
22
Votes |
71
Posts

Insurance for an office building

Tony Guardado
  • Rental Property Investor
  • Canton, OH
Posted

Recently purchased a 4000 square foot commercial office building in Canton Ohio

Looking for an inexpensive insurance solution. 

Who will write a $70-$100k cash value policy on this building and what should it cost?

User Stats

425
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409
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Denver McClure
Pro Member
  • Financial Advisor
  • Dallas, TX
409
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425
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Denver McClure
Pro Member
  • Financial Advisor
  • Dallas, TX
Replied

@Stanley J Black could help out

  • Denver McClure
  • User Stats

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    Jason Bott
    Pro Member
    #2 Insurance Contributor
    • Insurance Agent
    • Nationwide
    1,426
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    Jason Bott
    Pro Member
    #2 Insurance Contributor
    • Insurance Agent
    • Nationwide
    Replied
    Quote from @Tony Guardado:

    Recently purchased a 4000 square foot commercial office building in Canton Ohio

    Looking for an inexpensive insurance solution. 

    Who will write a $70-$100k cash value policy on this building and what should it cost?


     Tony, in this market, the lowest per sq/ft cost an underwriter would allow is probably around $70-$80, that would bring the minimum insured value around $300,000.  Good news is office buildings are very inexpensive to insure.

  • Jason Bott
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