Landlord insurance typically costs about 20% more than homeowners insurance. According to the National Association of Insurance Commissioners, the average annual homeowners insurance premium in the U.S. is approximately $1,250. This would mean the average annual landlord premium is approximately $1,500 a year. With that said, Zibo has many customers who are paying annual premiums well under $1,000 for landlord coverage. Premium is highly dependent on a number of factors including the geographic location, condition of the home, and claims history.
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