> How much does apartment building insuranace cost?

How much does apartment building insuranace cost?

Posted at: 2015-03-04 
Let's say I bought a 4-unit building for about 200k and I just got some pretty standard insurance...would it be in the $100 range, or more like the $1,000 range?

about 1500, it depends on exact location and your history of claims

Let's say you call an insurance agent and ask them.

Rates depends on the building, where it is located, past claims and all kinds of information we don't have.

Are you talking monthly, quarterly or annually?

As well as we are not insurance agents and cannot begin to give you a rate.

I would expect it would be much more than the typical homeowners insurance on one owner occupied house. And those rates are variable depending on many things.

You can get a free quote by simply contacting any of the many insurance brokers advertising apartment owners' insurance in Massachusetts. The Dept of Insurance in MA regulates the rates they can charge.

You will probably need Umbrella Insurance, General Liability Insurance, Crime Insurance, Property Insurance and, Workers Compensation Insurance, if not also Auto insurance.

Renters insurance is pretty cheap; it ranges from $10-50 at the least.

more on the order of $2K A year.

depends entirely where u live

Let's say I bought a 4-unit building for about 200k and I just got some pretty standard insurance...would it be in the $100 range, or more like the $1,000 range?