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Updated almost 10 years ago on . Most recent reply
Feedback on my insurance quote in Maine
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