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Updated almost 7 years ago on . Most recent reply

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Michael Hawkins
  • San Antonio, TX
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Recommendation for San Antonio Insurance Broker

Michael Hawkins
  • San Antonio, TX
Posted

Can any one give me a recommendation on a local Insurance Broker in San Antonio?  I plan to buy my first investment property in May, and am trying to get my "team" together.

Thanks!

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Seth Teel
  • Investor
  • San Antonio, TX
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Seth Teel
  • Investor
  • San Antonio, TX
Replied

@Michael Hawkins  What king of policy are you looking for?  If you're buying a flip project, you'll either need a Vacant Dwelling policy or a Builder's Risk policy.  Most broker's can get your either of these policies through Foremost Insurance.  If you're buying a residential rental property ( 1- 4 units), you can just get a Landlord Policy or Rental Dwelling Policy.  Again, most any Broker can provide these policies.  If buying a commercial investment (Multi-family 5+ units or retail, industrial, etc.) you may need both Commercial Property insurance & General Liability insurance.  This will depend on type of investment and your needs.  

If you're staying on the residential end of things, I would suggest contact your personal insurance carrier to start.  This will give you a baseline for other quotes.  I have a few brokers/agents I can recommend.  Send me a PM for their contact info.  I am less versed in commercial insurance,  but have one vendor I use when needed.  Happy to recommend as well.

Lastly, there are more factors than cost when purchasing insurance.  Coverage and level of service beat out cost in my book every time.   I use vendors I feel I can trust, ones that don't mind explaining the nuances of my coverage, and ones that help when I have a claim. 

  • Seth Teel
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