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Updated about 10 years ago on . Most recent reply

User Stats

69
Posts
28
Votes
Thomas Guertin
  • Investor
  • Springfield, MA
28
Votes |
69
Posts

Property insurance for a corporation

Thomas Guertin
  • Investor
  • Springfield, MA
Posted

I incorporated my rental business last year and just bought my first SFR under the corporate name. For properties that are not in the corporation I pay about $650 for Dwelling insurance. For the property under the corporation's name I paid $1224. My questions are ...

Is this what other investors pay for Dwelling insurance for their SFR under a corporation?

If I had 2 or 3 under the same policy, would the insurance double and triple or is the next property going be only incrementally higher because I covered the initial costs?

The agent switched from a personal lines policy to a Business Owner's Policy.  I know the rule of thumb was about $60/month for insurance so to have to budget $100/month on every house seems to be high.

Any information will help me seem smarter when I talk with the insurance agent.

Tom

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