Homeowner's insurance went up by 50%!!!

[Kosh Vokter]

i have a 1600 sq. ft SFH rental near Huntsville, AL. No insurance claims or issues in the past year or before.

Received home owners renewal notice and the annual premium went from $2400 to $3600 (50%!!!! increase) for the same $1000 deductible. It's with Liberty mutual but through Geico. I called Geico and they said it's inflation and other factors etc etc, no clear articulation of why it went by up so much. 

Are you seeing such increases as well, are there are insurance providers that I can shop for? I called few other national insurance providers when I purchased this property before and they said they don't cover Alabama and so went with Liberty Mutual through Geico. 

[Greg M.]

Hopefully you misspoke and you have a LANDLORD policy on the property and not a homeowners. 

50% increases on policies is not uncommon right now. Be happy you weren't non-renewed. I'd consider moving the deductible to $2,500 or more.