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Updated over 8 years ago on . Most recent reply
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Rental Home Insurance - Baltimore MD??
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!