Houston-Harris County Landlord Insurance issue- How are you dealing with no coverage?

Houston, Texas
General Real Estate Investing
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Houston-Harris County Landlord Insurance issue- How are you dealing with no coverage?

Mak J.
Member since 2018 · 234 posts · 44 votes

Hi I have properties on all across Houston TX/ Harris county and all have roof replaced. I am having hard time getting insurance quotes. One company even quoted me $42,000/year premium. All properties are less than 20year old so pretty new condition.

Most of the agents comes back saying their carriers are not quoting in Harris County. I guess no matter where I go, either answer is NO or its 2-3 specific carriers quoting. 

How are you investors in Houston TX dealing with this issue? Does it make sense to a point to become self insured and just carry liabilities.  

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  • Owen RosenBusiness Member
    Professional · Clinton Township, MI · Member since 2015 · 689 posts · 260 votes
    1y

    What type of properties?  1-4 unit or 5+ units?

    Royal Oath Insurance Group4.9208 Reviews
    WebsiteView Page
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    • Mak J.
      OP
      Member since 2018 · 234 posts · 44 votes
      1y
      Quote from @Owen Rosen:

      What type of properties?  1-4 unit or 5+ units?


      9 SFH properties. Single Family. No Morgage. All paid and clear. year 1990+ & all has new roof installed 2022 to 2025
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    • Owen RosenBusiness Member
      Professional · Clinton Township, MI · Member since 2015 · 689 posts · 260 votes
      1y
      Quote from @Mak J.:
      Quote from @Owen Rosen:

      What type of properties?  1-4 unit or 5+ units?


      9 SFH properties. Single Family. No Morgage. All paid and clear. year 1990+ & all has new roof installed 2022 to 2025

       Gotcha.  You should have a bit more flextibility with owning the homes free & clear but it's still a tight market.  I sent a DM as well.

      Royal Oath Insurance Group4.9208 Reviews
      WebsiteView Page
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  • Greg H.Pro Member
    Moderator
    Broker/Flipper · Austin, TX · Member since 2013 · 4k+ posts · 4k+ votes
    1y

    Have you tried NREIG as they are a nationwide company?  I have all my properties with them except those in Louisiana where they do not do business

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  • Chris Kersey
    Real Estate Agent · Houston, TX · Member since 2022 · 135 posts · 84 votes
    1y

    I have a couple of carriers/agents I use in the Houston market for my properties and my clients. Send me a DM and I can share their info with you. I just had a clients house quoted through them,  I'm a realtor, and it was still reasonably priced as of last week. 

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