Guestimating Insurance Premiums

Is it safe to assume that when you buy a multi unit property that the insurance premiums when generally stay the same or not. Anyone come up with a good formula for determining what insurance would run a year on a multi? Just wondering.

Comments(3)

  • myfrogger6th November, 2003

    I was quoted $4.21 per thousand dollars of value for 5-12 units in my area. This is a good policy and I have a few other items added which increase the cost but that gives you a ballpark possibly...

  • norrist8th November, 2003

    A lot of variables come into play (location, age, construction type, claims history, deductible, endorsements, etc...) Call your Agency, have them develop a quote based upon a hypothetical property and use it for future reference as a "rough" guide.

  • GFous9th November, 2003

    Why try to estimate. Call your agent, let him bid it.
    [addsig]

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