Landlord Insurance--- Who is the best company?

Question

With the extra time on my hands, I think I should review the insurance on my two rentals. Any advice/companies? Right now I have one with USAA and the other with Traveler's. I would like for them to be together and was also thinking about umbrella insurance as well. TIA

John Warren · Answer

@Stacy E. I feel like insurance is a commodity. Just get a good policy for an affordable price and move on. Its like buying an accord versus a camry. It probably doesn't matter which one in the end, so buy the one that is priced better.

JD Martin · Answer

I have used a lot of different companies over time for both my personal stuff and rentals. For whatever reason, right now I'm with State Farm as I haven't found anyone that comes even close to them in terms of what I'm paying in premiums. I priced out USAA recently, since I'm a member (I usually price them about once every year/two) and they were ridiculous. A few years ago I had everything with Allstate (which is who has my personal stuff) but I moved everything when they put a hard limit of 4 properties on my PUP if insured with them - oddly, they cover everything that I have with State Farm as long as I maintain maximum limits. The only thing I can think of is they feel like they have less exposure that way.

Landlord Insurance--- Who is the best company?

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