what do you pay for insurance?

[Robert Hastings]

i own 4 properties, hopefully 5 properties by the end of the month. 

only 3 are being rented.  the 4th and 5th will be rented soon but the costs below are for 3 properties.

i am paying close to 63 per property per month for a basic policy.  the declarations as with any insurance company has alot of language that seems broad and stuff but i found the broker on here and i heard decent things..

i also have a general liability coverage for 2 mil but it seems like there are so many exclusions as im sure with alot of properties...i mean the declaration page for my policy is almost 150 pages long...i know the language needs to be explained thoroughly but i feel as tho there is so much room for insurance companies to find a way to not pay a claim for a number of reasons....i dont know...maybe im too cautious and too conserative...

i just made my downpayment of 592 and my monthly charge of 209 per month will cover my 3 properties and my general liability for 2 mil in coverage.  how does that add up?  should i look around for other companies?  my homes are in the inner city, low income renters, philadelphia...

there is probably a premium based on zip codes huh? lol

so for

[Jason Bott]

@Robert Hastings you are excluding the main # that is needed to determine if you have a competitive premium, and that is the building value.  This may be a high premium if all 3 properties are insured of r$150,000 total, but a very competitive premium if your total insured values are $1,000,000.

Insurance companies base their premiums on a cost per $100 of insured building value.  If you give everyone those #'s then you may get some feed back as to the competitiveness of your premiums.