I've been having a few challenges finding insurance for my rental property at a decent price. The home was built in 1893 which seems to eliminate quite a few companies, non owner occupied which has been eliminating others. The house is actually in better shape than most homes built in the 60's-all new electrical (DH worked many years as an electrician) central air/heat etc. so it bugs me that some companies in my area have declined to quote based on the age of the house. I'm currently paying 1350/year. The house is 2400 sf, cost 117,000 about 8 years ago, is currently worth about 116,000 in today and is insured for a rebuild value of 177,000. Last I looked-couldn't find a policy with max payout of only $100,000 or so. If I had a total loss, the $100,000 would make me whole since I would have salvage value in the land.
Any suggestions? Thanks