How much do you pay for Landlord Insurance?

[Jordan B.]

Hello,

I just received a Landlord Insurance quote from Liberty Mutual for $2,707. Does this seem high?

Background:

2-Family Built in 1896

Located in Cincinnati Ohio

Updated Plumbing and Electrical

I will not be owner-occupying the property

What insurance companies should I try next and what questions should I be asking?

Thank you,

Jordan

[Stuart M.]

Yes, that seems high.  You need to find a broker that is very good at their job, that is willing to look at 10-15 insurance companies, get quotes from them all, adjust every quote as necessary, etc, etc, etc, just to sell you one policy.  They should do an amount or work that would take you weeks to do on your own.  Good brokers and bad brokers are day and night, and trying to figure out what companies to call and get quotes from is time consuming and won't save you any money anyways.