Insurance Quote Worksheet For Property Insurance on Rental Properties

When I was first writing our deal analysis interface that generated the full 4 page deal analysis that we used on the Real Estate Resources and Analyzed Deals websites, I discovered something that initially shocked me: insurance rates from different companies for the same coverage amounts can be vastly different.

While this may not shock you, I was really surprised to see that the difference in insurance quotes for houses can be not just 10-20% apart but sometimes several hundred percent different between the high quote and the low quote for the exact same coverage!

So, it really reinforced in me the need to get multiple insurance quotes on each property you are considering buying BEFORE you buy it and each time the insurance is coming up for renewal.

With that in mind, I made the Insurance Quote Worksheet (a resource for Real Estate Investor Bronze Members only) that will allow you to have a single form to get insurance quotes from multiple companies with the same coverage for a property AND keep it organized in such a way that you can quickly pull the sheets you had from the last time you got quotes out before doing it again.

I encourage you to use this form (or modify it to work for you) and keep copies of it in your insurance folder for your property so you can reference it in the future as well.

Until my next post,

James

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