Landlord Insurance in Alvin, Texas

[Ashish Yadav]

Hi Folks,

I am in the middle of buying a rental property in Alvin, Texas, 77511. The mortgage company is asking to get a landlord's insurance that necessarily covers wind and hail. I have been provided with a quote (with wind and hail included in the insurance) of $2238 annually (from Geico). My questions are as follows:

1. Is wind/hail coverage a requirement in Alvin, Texas?

2. Is this the usual rate for landlord's insurance in that area? This is impacting my cashflow which I had not considered before.

3. Do all mortgage companies ask for this in that region? How do you guys deal with such requirement for insurance from your mortgage company?

4. Is there a better insurance company that would suit this situation? Any suggestions are appreciated, as this is my first buy. Thanks!

5. If I go with Geico now, can I later on change my insurance without much difficulty?

Regards,

Ashish