Rental Property Investor · Sugar Land, TX · Member since 2018 · 13 posts · 9 votes
Seeing 2X quotes on renewals for residential property insurance Baton Rouge, LA . In this news story, The Louisiana Dept of Insurance Commissioner Jim Donelon suggest these increases are real. The increases are throughout I-10. Yet the Dept's own rate comparison tool says there is still plenty of choice amongst lower cost providers. What increases are you seeing on renewals for residential single family & multifamily homes ?
@Dean D. 10%-20% in the Midwest, 25%-50% in the SE and 50%-100% if you are close to the coast or in an area prone to Wild Fires. We are shopping almost 100% of our renewals for our clients, but only finding improved terms on about 10% of them.