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Michael Finkelshteyn
  • Wholesaler
  • Houston, TX
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73
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POLL: Houston Rental Property Insurance Policy Rates

Michael Finkelshteyn
  • Wholesaler
  • Houston, TX
Posted Apr 22 2016, 08:48

It's time for me to renew my insurance policy and I wanted to know what some of you guys are paying in the Houston area. 

I know there are many variables, so I expect a variety of rates. However, as a general rule of thumb, I assume policies to cost 1% of the ARV.

My property (duplex) was built in 1948. It has a new roof and upgraded electrical+plumbing.

The current policy is a commercial policy

  • 1% Standard Deductible
  • 2% Wind/Hail
  • 127k Replacement cost (Property ARV 85k-90k)
  • 100k Liability Limit
  • 80% Coinsurance (This is new, so if someone can clarify for this for me, much appreciated!)
  • Quoted at $1650

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