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Elad Messing
  • Los Altos, CA
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28
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Annual increase in rental property home owner insurance

Elad Messing
  • Los Altos, CA
Posted Feb 1 2019, 12:41

Hi Everyone, 

I recently (last year) changed my homeowner insurance for my rental properties to a different provider and now that one year has lapsed and I need to renew it, the premium went up by 10% - which seems very high to me.

Two things to note are that the provider is able to insure me in both the states of Texas and Indiana and also includes a $10M in umbrella coverage.

So, I am basically debating if to "eat it up" this time and hope that it will not repeat every year or go look for a new policy.

I would love to hear your experience with annual premium increases.

Thank you,

Elad

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