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Updated about 10 years ago on . Most recent reply

User Stats

97
Posts
10
Votes
Douglass Belt
  • Investor
  • Madison, WI
10
Votes |
97
Posts

Is my insurance premium too high?

Douglass Belt
  • Investor
  • Madison, WI
Posted

I own a SFH (3Br 1.5 Bath-Ranch) rental in the Twin Cities of Minnesota. My Fire/Dwelling policy covers the rebuild cost of $193K, $2K in personal Property, and $100K liability (seperate $1M umbrella) for a yearly premium of $1750. It seems a little high but interested in what others are paying in Minneapolis/St. Paul area. Thanks!

Most Popular Reply

User Stats

631
Posts
186
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Tom Keith
  • Investor
  • Longview, TX
186
Votes |
631
Posts
Tom Keith
  • Investor
  • Longview, TX
Replied

@Douglass Belt @BreAnn Stephenson @Gabe G. I am in Texas and we have some of the highest costs for insurance.  I know as you might know, I am retired Allstate Agent after 28 years of service to my customers.   Well enough of the make me feel good today.  LOL 

I am sending my properties out for proposal to NREIG who I found here on Bigger Pockets. 

I will update as soon I can.  

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