If both buildings are on the same deed, they can be insured on the same policy.It is common for most standard carriers to not insure more than 4 rental properties or more than 8 units total. 

However I just got in tonight from 10 days in Hawaii.. and Scoot  ( Singapore airlines budget carrier) was advertising business class from PHNL to Osaka for 495. bucks and 99. one way coach.. that is a smoking deal.. my buddy and I almost wanted to fly there for dinner LOL..

The owner and we as managers are indemnified, and we receive notice from insurance carrier if tenant is ready to lapse.During the last 20 years we were named in a suit 2 times. 

The 300% swings in price from one carrier to another are what I don't understand.  2) Security Deposits.Are you simply holding these in a savings account, in your own name, separate from your other funds? 

Every insurance carrier uses different rating factors in their pricing.

The insurance carrier wants to make sure the form filled out represents what the property actually is.

(incidentally, I had already switched carriers for higher liability limits before claim so current carrier is not the one who paid out).- claim #2: also submitted earlier this year for vandalism in NC rental property and just received much smaller payout. 

If he’s insuring for $250,000, then you are paying the same “rate”, but buying 4x’s the coverage.I’ll PM you some of the carriers offering the best rates in that market.  

We uses Several Carriers for the Builders Risk policies and depending on the project, decide which is the best for the client. 

I don’t know price per square foot and each property and insurance carrier is different.