Homeowners Insurance Recommendations Baltimore City

[Jorge Ubalde]

Hey BPElites - im looking to replace my current homeowners ins policy on one of my rentals. The property is a typical rowhome in Bmore City. I was told by my current policy that after further review they can not accept the risk of my rowhome having "flat roof" Any recommendations on a good company? Feedback is greatly appreciated.

[Michael Perry]

Hey Jorge,

I'm actually researching the same exact question right now.  Maybe we can help each other out as we learn about a insurance companies.  

Here's who I've contacted so far:  USAA, NREI Group, A.L. Howes Insurance and AAA.  

USAA - I use them for my personal insurance and I think they are great.  They offered me a pretty high quote though - $100/month for a $500 deductible (lowest deductible  they offer), that covers all perils including wind, hail, and vandalism.  I don't know if it covers theft.  I forgot to ask.  They have other lower premiums down to $56/month but then the deductible is like $6k:/  Also, others on BP have talked about how responsive USAA is and how they always pay claims and they are excellent to work with even though are a bit pricy.  

NREI - heard great things about them.  They work specifically with investors.  Waiting to get a quote.

A.L. Howes - based in Sykesville.  Waiting for quote.

AAA - they won't insurance your investment property unless they insurance your primary.  But I've heard rates are good.

They other main thing I learned is that insurance companies do not honor loyalty.  They hike their rates up after a couple years so you always need to be shopping around in order to get a good deal.  

I'll keep you posted as I learn more!