Home insurance policies for a buy and hold

[Carol DiCesare]

Hi everyone,

I am located in Houston with one rental property under our belt. We rehabbed it and financed it. We just recently changed the deed to an LLC but when I updated this information with my insurance agent, the policy was cancelled. I am being told that most insurance companies don't like to insure under an LLC. My agent has been "shopping" around. The only policy that my agent could find is $3100/yr for a $210,000 property. It seems really pricey to me. Is this the case across the board? Can I do anything about it or should I just bite the bullet and pay this high premium? Does anybody have a good real estate agent who works in Houston that can maybe help?

Thanks,

Carol