About how much would property insurance be on a new condo?
I am looking to buy a brand new condo in Jacksonville, Florida for about $138,900. How much would my property insurance be? I know a lot of factors determine the price, but a rough estimate would be nice. Also if anyone knows how to calculate this, that would be greatly appreciated. Thank You
The property insurance (OUTSIDE) for a condo is covered in your Home Owners Association. If you want to get insurance to cover your personal property (inside) you get insurance for your belongings which would be very inexpensive, maybe $2-300 per year. It’s the equivalent of renters insurance.