Insurance on 10 unit Apartments in Conroe, TX

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Insurance on 10 unit Apartments in Conroe, TX

Pete Harper
Rental Property Investor · Streetman, TX · Member since 2018 · 528 posts · 495 votes

Our insurance is coming up for renewal on a 10 unit apartments in Conroe.  The price has gone up and I'm looking for competitive quotes.  

Single 2-story brick building, 10 units all 2BR/1BA, 1984 construction, updated 2017 and 2023, new roof in 2017, no flood zone.

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Kyle MccawBusiness Member
Property Manager · Keller, TX · Member since 2011 · 1k+ posts · 1k+ votes
3y

@Pete Harper pucker up. Insurance rates have gone up significantly over the last 12 months.
My property management firm manages a number of smaller apartment complexes throughout Texas. Every has gotten hit with higher rates. Fortunately rental rates have moved up to offset. Unfortunately the tenants have to be near their breaking point.

As for insurance we have @Cameron Moore with ProCo Insurance. He must broker more insurance carriers than most agents because he consistently comes back with better pricing and coverage.

McCaw Property Management4.4907 Reviews
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  • Tanner PileBusiness Member
    Real Estate Broker · Colorado Springs, CO · Member since 2019 · 389 posts · 326 votes
    3y

    @pete 

    Do you have an insurance broker in Texas? I've found they can get good quotes from multiple companies for you. 

    A 2017 roof is awesome!

    @Pete Harperundefined

    Tanner Pile4.931 Reviews
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  • Kyle MccawBusiness Member
    Property Manager · Keller, TX · Member since 2011 · 1k+ posts · 1k+ votes
    3y

    @Pete Harper pucker up. Insurance rates have gone up significantly over the last 12 months.
    My property management firm manages a number of smaller apartment complexes throughout Texas. Every has gotten hit with higher rates. Fortunately rental rates have moved up to offset. Unfortunately the tenants have to be near their breaking point.

    As for insurance we have @Cameron Moore with ProCo Insurance. He must broker more insurance carriers than most agents because he consistently comes back with better pricing and coverage.

    McCaw Property Management4.4907 Reviews
    WebsiteView Page
    1Reply
  • Aaron BreckenridgePro Member
    Technology · Dallas, TX · Member since 2022 · 476 posts · 304 votes
    3y

    Moved to classifieds

    BiggerPockets
    0Reply
  • Cameron MoorePro Member
    Insurance Agent · DFW, TX · Member since 2021 · 348 posts · 245 votes
    3y

    Thanks @Kyle Mccaw , @Pete Harper Unfortunately, rates are jumping across the board. The carriers are not profitable and have moved into protection mode. Fortunately, working with an insurance broker is your best bet at finding the best rate every term. 

    [email protected]682-593-4016
    1Reply
  • Liron Cohen
    Insurance Agent · Woodland Hills, CA · Member since 2018 · 31 posts · 9 votes
    3y
    Quote from @Pete Harper:

    Our insurance is coming up for renewal on a 10 unit apartments in Conroe.  The price has gone up and I'm looking for competitive quotes.  

    Single 2-story brick building, 10 units all 2BR/1BA, 1984 construction, updated 2017 and 2023, new roof in 2017, no flood zone.


     Hey Pete,

    I might be able to help out with this. I just sent over a private message now.

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