Investor · TX · Member since 2015 · 393 posts · 290 votes
Hi guys, I get the feeling I'm getting gouged. I have 10 SFR's in Grayson county, an hour north of Dallas. Values on the houses range from 50k-70k. Currently I'm paying 800-900 dollars a year per house in insurance. I went to pay premiums yesterday on 4 or 5 houses and all the premiums payments for the quarter had gone up 10 bucks or more, without notice.
I'm currently insured through Columbia Lloyds. Who do you have that is a better bargain?
Investor · McKinney, TX · Member since 2014 · 19 posts · 5 votes
8y
You should shop around, that sounds high to me. I have 3 SFRs, Mesquite, Princeton and Sherman, all valued $110k- $125k, and the premiums are $800-$975. I am currently with Allstate.
Investor · McKinney, TX · Member since 2014 · 19 posts · 5 votes
8y
You should shop around, that sounds high to me. I have 3 SFRs, Mesquite, Princeton and Sherman, all valued $110k- $125k, and the premiums are $800-$975. I am currently with Allstate.
Search online for an insurance broker they will shop multiple companies (some you probably have never heard of) for the best rates. Its always a good idea to shop insurance rates every two years.
Hi guys, I get the feeling I'm getting gouged. I have 10 SFR's in Grayson county, an hour north of Dallas. Values on the houses range from 50k-70k. Currently I'm paying 800-900 dollars a year per house in insurance. I went to pay premiums yesterday on 4 or 5 houses and all the premiums payments for the quarter had gone up 10 bucks or more, without notice.
I'm currently insured through Columbia Lloyds. Who do you have that is a better bargain?
Mine are 140K dollar houses in Mesquite and Garland and they are about $900.
Investor · TX · Member since 2015 · 393 posts · 290 votes
8y
500 dollar, which is about the same as 1%. I did a comparison on 500 and 1000 dollar deductible and the savings were negligible, at least with this company.