Need Home Owner Insurance for Baltimore, MD investment.

[Erick Garske]

I am looking for a competitive quote to the one provided to me earlier for two investment properties in Baltimore, MD with a combined worth of about 150K. The original quote provided to me of $3858 seems way to high.

This policy includes liability at $1,000,000 each occurrence/$2,000,000 aggregate.

Both dwellings have a $1,000 deductible and contents coverage of $10,000 per dwelling. The contents coverage is applicable to non-permanently attached appliances such as a stove, refrigerator and a washer/dryer, etc...

Also a great benefit, this policy automatically provides Loss of Income (aka Loss of Rents) coverage up to 18 months and for your actual loss sustained. This is the coverage that would supplement any rents you would have lost after a covered loss that prevents your tenants from residing in the home and paying rent while repairs are being made.

Water & Sewer Back Up coverage (it’s required by law in Maryland that this coverage is offered on primary homes/condos due to the high number of these types of claims in Baltimore city) is also included up to $5,000 which is really nice given that it is often coverage not made available on commercial rental dwelling policies.

The quote is fairly straight forward but, please let me know if there are any follow up questions.