Insurance costing about 8.5% of rental income

[Ricco Ardemagni]

Hi BP Gurus -

I have a 100 year old 4plex property in arkansas, 3200sqft total. Electrical and plumbing have been updated over the years. B, B- type property class. I’ve struggled finding many options for insuring it due to age. 

The least expensive option and my current insurer is charging an annual premium that equals roughly 8.5% of annual rent, assuming 100% occupancy at current rental rates. 

Does this jive with what some of you are paying for a similar property? 

thanks!