Insurance quotes outrageously expensive

[Hobart King]

Recently bought a property for 45k (2/1 900 squat ft) that's in good shape and need to get an insurance policy on it. Our lowest quote was $100/mo which seems outrageous given I pay about that amount for my 3/2 1900 sq ft plus carriage house personal residence. Anyone got any ideas? It's held in an LLC I own with my business partner which is why I think the cost is so high.

[Theresa Harris]

Originally posted by @Brian Roberts:

@Hobart King

You will always pay more for non owner occupied insurance than if it was occupied by yourself. More risk for the insurance company. Having it in the LLC can put you into a business rate for insurance. That's why you are getting seemingly high quotes.

This is interesting as all of my rentals have significantly lower insurance than my primary home, in part because my primary home insurance covers contents.