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Insurance for Long Term Rental?

824 Views | 6 Replies | Last: 2 days ago by Hoyt Ag
Sea Speed
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AG
Got a quote back for my renewal and the rate has gone up something like 300%. Got a quote elsewhere and it is more of the same. Home is located in league City tx, not in a flood zone, no claims any time recently I am aware of so the massive spike is a bit perplexing. Does anyone have a good broker they can recommend? Initial increase is through Liere so they are out.

Homes about 2900 SQ ft. Appreciate any info.

On a similar note, one agent gave me a Texas fair plan quote but it seems like their water damage only covers something like 5 grand, which isn't enough. The lady I got a quote from recently wasn't much help, but is it even worth exploring that route? Not truly familiar with what they even offer, just that it's generally last resort, although it was very cheap.
cas8019
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AG
Sent you a PM
Kiss my beans
The Silverback
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AG
Is it an older home with an older roof?

Regardless of flood plain or not any homes in your area, particularly older ones, are going to have very high rates. Not sure who all you got quotes from but I am more than happy to look at this for you and see if i can find anything better. Matt@Dimitexas.com
htxag09
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AG
Matt w/ Diversified Insurance is who I use and have been very pleased with him. He posts on here. Edit: that's him above

Who is the policy with? Last I talked to Liere they acted they'd never even heard of Sage Sure, who my rental home policy is with. Seemed odd as I don't think they are a small unknown insure.
Sea Speed
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AG
It was built in 93 iirc and the roof was replaced I think in 2015 or so. I will email you.
springagg
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I can run some quotes as well. I've been investor for 16 years now and also own insurance agency.

kyle@maximinsure.com
Hoyt Ag
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AG
Any of yall do Colorado quotes? I need to get away from State Farm asap. Email is in profile.
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