Annual increase in rental property home owner insurance

[Elad Messing]

Hi Everyone, 

I recently (last year) changed my homeowner insurance for my rental properties to a different provider and now that one year has lapsed and I need to renew it, the premium went up by 10% - which seems very high to me.

Two things to note are that the provider is able to insure me in both the states of Texas and Indiana and also includes a $10M in umbrella coverage.

So, I am basically debating if to "eat it up" this time and hope that it will not repeat every year or go look for a new policy.

I would love to hear your experience with annual premium increases.

Thank you,

Elad