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Updated 10 months ago on . Most recent reply

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Steve S.
  • Dallas, TX
52
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649
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Looking for new home insurance providers

Steve S.
  • Dallas, TX
Posted

ive been with Travelers for several years on one of my rentals.  Obviously with this insane inflation things have gotten very expensive.  my insurance went from $1200 to $2400 to $3800 in 3 years.

Doing a shop this weekend.  Anyone have any recommended providers in Texas that you've worked with that are good quality?

Also, with them i had a "landlord policy" which i would think is generally less expensive as the tenant has insurance as well and i have a separate umbrella policy with GEICO.  

Is a "landlord policy" recommended?

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Jay Hurst
#3 Creative Real Estate Financing Contributor
  • Lender
  • Dallas, TX
1,044
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1,565
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Jay Hurst
#3 Creative Real Estate Financing Contributor
  • Lender
  • Dallas, TX
Replied
Quote from @Steve S.:

ive been with Travelers for several years on one of my rentals.  Obviously with this insane inflation things have gotten very expensive.  my insurance went from $1200 to $2400 to $3800 in 3 years.

Doing a shop this weekend.  Anyone have any recommended providers in Texas that you've worked with that are good quality?

Also, with them i had a "landlord policy" which i would think is generally less expensive as the tenant has insurance as well and i have a separate umbrella policy with GEICO.  

Is a "landlord policy" recommended?

Landlord policy's have gone way up because most carriers are no longer writing landlord policy's in Texas because of the billions of pay out due to hail storms. https://www.restoremastersllc.com/hail-damage-statistics-in-...

So, supply and demand of course push's up prices. 
  • Jay Hurst
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Hurst Real Estate, INC
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75 Reviews

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