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Updated over 8 years ago on . Most recent reply

User Stats

21
Posts
3
Votes
Vernon Bond
  • Investor
  • Capitol Heights, MD
3
Votes |
21
Posts

Rental Home Insurance - Baltimore MD??

Vernon Bond
  • Investor
  • Capitol Heights, MD
Posted

Hello BP Family,

I just purchased my first rental home last week and I am currently looking to switch my home insurance from geico to a more competitive priced company. Geico is charging me 120$/m on a $100k Single family home.  When i spoke with them about why i was paying so much they informed me that they could lower it but I would have to go through a lengthy process to do so. I know that 120$/month is very steep. the property is completely rehabbed and in great condition (new appliances, new roof, new HVAC etc..) I payed 100 grand for the home and it was appraised for 140K.

I was wondering if anyone has any recommendations on who i should go with in regards to Home Insurance on this rental property. Thanks!

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