Insurance renewals quotes are very high - 20% + increase

[Lakshmi Kotagiri]

Hi All,

two of my rentals insurance renewal is up in February and the renewal rates are coming very high. 25% increase in premium. I didnt have any claims on these houses. any good carriers in Texas that give competitive rates for rentals?

Thanks

[Jason Bott]

Quote from @Lakshmi Kotagiri:

Hi All,

two of my rentals insurance renewal is up in February and the renewal rates are coming very high. 25% increase in premium. I didnt have any claims on these houses. any good carriers in Texas that give competitive rates for rentals?

Thanks

 Lakshmi, unfortunately this is the state of the insurance market right now.  We have clients in 30 states, and I'd say if your premium renewal is 20% or less, your doing good.  

There could be other carriers to check, and as @Cameron Moore states, your best option is to partner with a good independent broker who can market your account each renewal.