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Updated almost 10 years ago on . Most recent reply

Steve L.'s profile image
Steve L.'s profile image
Steve L.
  • Investor
  • from Rancho Cucamonga, California
  • Member since Oct 16, 2008
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Steve L.'s profile image
Steve L.'s profile image
Steve L.
  • Investor
  • from Rancho Cucamonga, California
  • Member since Oct 16, 2008
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Steve L.
  • Investor
  • Rancho Cucamonga, CA
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Commercial Real Estate Investing

Class C, Mixed-Use Retail/Residential Insurance

Steve L.
  • Investor
  • Rancho Cucamonga, CA
Posted

I bought a mixed use property in December that is Class C in very blue collar city in California.  

Roughly 5,000 sq ft of Retail and 2,000 sq ft of residential.  I have it free and clear right now.  Insurance quotes are coming in at 5,000-6,000/year which I think is way too high.

Anyone have any recommendations for insurers that have a good price on this?  My insurance is usually 2-3% of revenue.  On this it would be 8-9%.  

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