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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

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