Need Help Fast--trying To Put A Deal Together!
I saw a property today and am interested in putting an offer together to submit. I know how to calculate the approximate net cash flow of an income-producing property, but I'm guessing at the insurance expense since I don't really know how much this costs. I tried to find out by going onto some of the larger insurance companies websites to get an estimate or something, but wasn't successful. This is a duplex and in a rural suburban community in Southeastern PA. If anyone has any hints or ideas on how I can get an estimate to plug in a more approximate figure for my calculations, please let me know. 
Thanks, Lisa
[addsig]
Hello Lisa
The cost of your insurance will be dirrectly related to the value of the home.
But to give you a rough idea I have 2-$50,000 plus $100,000 liability for $495.00 Im from northwestern Pa.
Thats State Farm
ED <IMG SRC="images/forum/smilies/icon_eek.gif"> [ Edited by ELOCK on Date 02/03/2004 ]
Also try calling your present insurance agent give him the facts and he may be able to give you a preliminary quote.
ED