• 1360 - Growing Home Insurance Costs Will Destroy Your Cash Flow—Here’s What You Can Do About It by Jeff Vasishta

  • Jul 5 2024
  • Length: 13 mins
  • Podcast

1360 - Growing Home Insurance Costs Will Destroy Your Cash Flow—Here’s What You Can Do About It by Jeff Vasishta

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  • Summary

  • Real estate investors are usually most concerned about rental income and property taxes. They seldom discuss home insurance. Many assume that home insurance is a standard fixed price in most parts of the country and give it scant regard, but you could be making a big mistake if you are one of those people. According to insurance.com, the average cost of home insurance nationwide hovers around $2,800 per year, which equates to $231 monthly for $300,000 in dwelling coverage and liability and a $1,000 deductible. However, this number fluctuates throughout the country. As a real estate investor, it’s important to note that the numbers quoted are for owner-occupied homeowners insurance. Landlords should add another 25%. Learn more about your ad choices. Visit megaphone.fm/adchoices
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