An additional benefit of a detailed engineering-based Cost Segregation Study is that it can increase potential insurance premium savings as well as provide support for the property tax appeals process.

Take five off that premium and your at 1.175 million.  25k less. 

Great question,  especially as a lot of insurance companies are raising premiums. 

Now I'm thinking about upgrading to their premium version. 

I would also explore paying the premium to be near one of the universities, so you have a bigger tenant pool.

The reality is, rising property taxes, maintenance costs, increase insurance premiums (I'm a broker so don't get me started here), an HOA assessment or annual increase, etc, etc, etc.

This is a very rare offering from what I can tell (based on my research), and these features in conjunction with the amenities my building offers (you name it we have it) and secured garage parking available (extra $), I am allowed to charge a premium for my rental.

I am in the process of buying a commercial building in Savannah, Ga and know there is a lot of discussion around “climate change premiums” in relation to insurance. 

Most of them now have some sister entity established so they can collect premiums and then file bankruptcy and leave when events occur.

For the landlord insurance, builder finance have given their quote of 1800/yr premium with 2500$ as deductible.