Insurance Doubling TX

[Bailey A.]

Hi Guys,

I’m wondering if everybody out there isn’t feeling the increased premiums like I am? The insurance hikes are killing any cash flow I would have. Yes, mortgage is still covered but my goodness. I swear it feels like when you get ahead something else takes you right back.

When I started out, I remember hearing “Once you have your place rented, you can get a landlord policy and it’ll be cheaper”.

Unfortunately, I changed my policies from personal ones to landlord policies. When my broker mentioned the new premiums I said something along the lines of “Nevermind. Can you just forget I told you that and we can stick with what I have???”. 😂

I’ve shopped around. But to lay it out in numbers:

Prop #1 - 3/1

2023 - $1,655

2024 - $2,471.78

2025 - $2,909.96

Prop #2 - 2/2

2022 - $1,875

2024 - $2,415

2025 - $2,797

For seasoned landlords out there, what do you guys do? I was thinking about looking into just actual cash value policies but wanted to hear your thoughts.