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Updated over 3 years ago on . Most recent reply

Landlord Policy Advise
Hi all,
I was wondering if anyone could give me advise on landlord policy. I'll be closing on my first rental property soon, and I've been shopping around for insurance quotes. Below are 2 quotes I received:
1) $1,723/yr for 300k liability, 225k dwelling with $2,500 deductible
2) $1,982/yr for 500k liability, 267k dwelling with $1,000 deductible
I'm thinking to do $2,500 deductible for lower monthly payment but unsure about how much liability coverage I would need and should get. I was also wondering if those quotes seem fair for landlord policies in zip 35758. Any advise would be greatly appreciated. Thanks!
Jessie
Most Popular Reply

Originally posted by @Bill B.:
Where are these properties located? Those quotes are seriously almost triple what I am paying on $300-$500k SFR properties in Las Vegas.
This is in Huntsville, AL. I was able to get something else for almost 1/3 of the two quotes with same coverage. I wonder why the huge price difference though.