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General Landlording & Rental Properties

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Michael Campione
  • Richardson, TX
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Insurance rates!!

Michael Campione
  • Richardson, TX
Posted Aug 3 2008, 10:59

Can anyone tell me why insurance rates on income property is sooo high in Texas? I just got the estimate on a duplex from State Farm on a $235000 Duplex, it turns out to be around $2472. And they will only write one property anyway.
What gives?
No wonder property is cheap.