Understanding the Wide Discrepancy in Landlord Insurance Quotes
As I prepare to embark on my journey as a first-time landlord, I’ve found myself gathering various quotes for Rental Dwelling Insurance. To my surprise, the estimates range dramatically, with some as low as $800 per year and others climbing up to $2,000 annually. Most of the quotes I’ve received lean toward the higher end of this spectrum.
This significant variation raises questions. Is there a specific reason that could justify such a considerable price gap? For instance, could State Farm genuinely offer a more competitive rate compared to American Family Insurance?
To provide some context, I’ve compiled an image album showcasing two of the quotes I’ve received here. I would greatly appreciate any insights or explanations from experienced landlords or insurance professionals. Is there a hidden factor in these quotes that I’m overlooking? Your expertise would be invaluable as I navigate this crucial decision in my new role as a landlord.
