Estimate Insurance Costs

[Holly Hudson]

I am having a difficult time analyzing multi-unit properties primarily because of the insurance numbers.  I have contacted several different companies/brokers in the area and they have all said about the same thing.  They can only give estimates when knowing the exact address and that it should be one I am serious about. 

An actual answer I received based on my criteria in a certain area: it can run anywhere from $750-$3500. And that is just an average. Once a specific house is settled on then we can get you closer numbers.

This can obviously drastically effect my numbers.  Has anyone else had this dilemma?  I appreciate any suggestions on how I can find a more accurate representation of insurance costs.  I am looking for properties in the suburbs west of Chicago. 

Thank you all in advance for your knowledge and advice!

Holly Hudson