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Real-World Considerations and Costs
The cost of investment property insurance can vary based on several factors, including the property's location, age, and condition. For example, properties located in areas prone to natural disasters may have higher premiums due to the increased risk1. Additionally, the level of coverage you choose will also impact the overall cost.
On average, landlords can expect to pay between 15% and 25% more for investment property insurance compared to standard homeowner’s insurance2. However, this additional cost is often offset by the enhanced protection and peace of mind it provides. Consider reaching out to multiple insurers to obtain quotes and see these options for competitive pricing.