Homeowners insurance for multi-family

[Jaclyn Spinelli]

Hi all!

I'm in Chicago and have an offer in on a 4 unit multifamily in the suburbs.  I'm shopping around for homeowners insurance - do I actually have to call all these different insurance companies?  Rates are considerably higher than I expected based on what the seller had quoted, which I understand won't be perfect but it's almost twice as expensive.  

Does anyone have any tips / strategies etc. for finding the best rate with as little calling around as possible?

Thanks!

[Rick Martin]

@Jaclyn Spinelli unfortunately insurance is one of the line items that has gone way up since COVID. The price of lumber and renovations, in general, have also increased, so build your margins accordingly. Yes, I would continue to call insurance companies. Try to reach out to local REA's or network with folks local to you here, and maybe someone can give you a good recommendation.