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What is a good blend of coverage and price for homeowners?
Hi All!,
I'm currently getting a loan through Guaranteed Rate, which is requiring me to do a replacement cost homeowner's policy. (Is that legit?) I was about to sign with Country Financial on a personal policy (bundled with my auto) when they told me yesterday that the policy they quoted for this passed week will no longer work. I have to quickly, in the few days, switch to a commercial policy since I am buying a 4-unit building through FHA, owner-occupy. What has good coverage and is not overpriced for 4-unit buildings ("commercial")?
To give another key detail: my property has 2X+ the replacement cost than the list price.
If you have any recommendations or questions, that would be so so appreciated. I do not know much about this stuff yet!