Finding a Solid Landlord Insurance Policy

[Brian Tran]

Hello, 

I've been shopping for landlord insurance policies and it's my first rental property and I've been running into expensive quotes. (Such as $2500 annually) I know there's a variety of factors that come into play when coming to that number but I can't seem to figure out how to bring the rate down. I've been told by the broker that gave me the quote that it's because it is a foreclosed property and the neighborhood comes into play. I was also told that having a higher credit score could help. I asked my friend who is an insurance agent and she said it doesn't affect landlord policies that much. (My score is around 700)

Any advice? I'm getting confused how people are getting $800-$1100 annually for landlord policies while I have almost double that.