BiggerPockets

Hello everyone!I hope all are doing great in your investments! My son turns 2 months old today and hes such a blessing we are going to celebrate later tonight when his mommy gets back from work:). I just logged in to my wellsfargo to view my rental property escrow activity and my insurance has gone up from $800 last year to $950! I am not too familiar with insurance companies and have had trouble with them messing things up "not sending a refund and cancelling my policy after sending them a written cancellation". I just called Farmers Insurance and asked them why such a big increase. From what the rep told me, Texas has been one of the states affected because of the weather and all rates are going up across the state.
Can someone recommend a good insurance company that can protect me as a landlord for a good yearly premium and also let me know which coverages you use in your rentals. Thanks in advance

I have to agree with @Josh Rogan on shopping around. I think we have 3 or 4 different companies that we get rates from in the Dallas area and I will get those companies names and reply back to you on here. All I know is that insurance in Texas is between 2 and 3x what the rates are in Memphis. Not really sure why, but it is one of those hidden expenses that can drastically effect the performance of your properties.

You are smart to be keeping a close eye on it every year.