Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Insurance
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 10 years ago on . Most recent reply

User Stats

220
Posts
288
Votes
Mike Roy
  • Rental Property Investor
  • Bath, ME
288
Votes |
220
Posts

Feedback on my insurance quote in Maine

Mike Roy
  • Rental Property Investor
  • Bath, ME
Posted

Hello - I'm preparing to close on my first investment property, located in Bath, ME, and I'm wondering if the Mainers here might chime in on the insurance quote I received for a DP3 policy.  Here are the details for this 3,250 brick 4-plex:

Replacement: $564k

10% Rent Loss

$1 Million liability

$5k medical

$5k personal property

$5k deductible

Premium - $1,703/yr. ($142/mo.)

Does this look reasonable, can I do better, and who might you recommend me reaching out to if so?

Thanks,

Mike

Loading replies...