Rental Property Investor · Streetman, TX · Member since 2018 · 528 posts · 495 votes
I'm looking for an insurance quote for a 10 unit two story apartments in Conroe. My current insurance provider is trying to cancel our policy again. Every year it's the same thing. They look for another excuse to cancel our policy. Looking for someone dependable.
I'm looking for an insurance quote for a 10 unit two story apartments in Conroe. My current insurance provider is trying to cancel our policy again. Every year it's the same thing. They look for another excuse to cancel our policy. Looking for someone dependable.
Hello Pete,
I have a good agent that does the insurance on all my rental properties. I would be happy to share his info with you if you send me a DM.
There are situations where a carrier wants to de-risk a specific zip code without officially non-renewing a policy so they do stuff like this. Other times though they are just concerned about the property itself and keep finding issues that need resolving.
Out of curiosity, what are the reasons they give for needing to cancel the policy the last few years?
I’ve heard a lot of Houston-area multifamily owners dealing with similar issues lately, especially with older policies getting non-renewed or carriers tightening underwriting. It may help to work with a broker who specializes specifically in multifamily/commercial policies rather than standard residential coverage. Hopefully you find someone dependable this time around.
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