Indy Duplex Insurance?

[Seth Wilcock]

I'm currently under contract for a $125K duplex in Indianapolis. I estimated homeowners insurance to come back around $90/mo, and I've received two quotes back so far. The first quote came in at $1,880/year and the second quote came back at $2,100/year.

I am an out of state investor (living in Colorado). Could this be why the premium is so high? What am I missing? I get that it's two units with two tenants, but the house is $125K. The insurance is destroying my COC ROI.

I know it's difficult to tell without all the details. I have great credit, and no claims filed in the past 5 years.