POLL: Houston Rental Property Insurance Policy Rates

[Michael Finkelshteyn]

It's time for me to renew my insurance policy and I wanted to know what some of you guys are paying in the Houston area. 

I know there are many variables, so I expect a variety of rates. However, as a general rule of thumb, I assume policies to cost 1% of the ARV.

My property (duplex) was built in 1948. It has a new roof and upgraded electrical+plumbing.

The current policy is a commercial policy

• 1% Standard Deductible
• 2% Wind/Hail
• 127k Replacement cost (Property ARV 85k-90k)
• 100k Liability Limit
• 80% Coinsurance (This is new, so if someone can clarify for this for me, much appreciated!)
• Quoted at $1650