Insuance on rentals

[Patti Thurman]

In Dayton Ohio. I have 2 rentals combined value is approx 70K . Insurance is currently

replacement cost of 259600.00 with 1000K ded on each. Currently being billed for 

1571.00 annually for both properties. I am being advised this is a good deal from

my insurance agent,, not so sure on this end. Any advice would be helpful.

Thanks

Patti

[Joe Splitrock]

I insure for replacement value. My properties are all in the same side of town, so here in the mid-west, I am afraid one twister could come through and take it all out. My insurance rates are less than half what you pay for property worth twice as much. My situation may not be applicable, but still it seems you should shop around.

Just remember if you insure for cash value, you will get a check and will be stuck with an empty lot.