Landlord Rental Property Insurance
Texas Landlord Insurance
Request a quote by selecting any of the dropdown quote options in the menu above. Smaller Residential Rental Houses or "For Let " properties, in most cases, can be covered under a standard rental house insurance Form DP1, DP2, or DP3. Multiple properties with a common owner and financing entities can be scheduled on a single policy together. Up to 10 properties per policy, or 20 in total risks per scheduled policy. One can have an unlimited number of scheduled policies with Insurance Plus. Typical options included on the DP1 Basic policy, as well as the DP2 Extended policy, and the DP3 Broad All Risk Insurance. Your insurance can cover damages from water discharge and the Owner's Rental losses with an Owner's Umbrella policy, business auto with rental house insurance are additional options. Landlord's insurance coverage offers protection for both the building and the contents. Insurance quotes are available with our online quote request form by selecting the option above.
Rental Property Insurance
If you have a Duplex, a Triplex, or a 4-Plex investment, it can be covered under either a personal dwelling policy, or one of our commercial policies for landlords. Qualifying may depend on the construction grade of your property. Forms DP1, DP2, and DP3 are available for single-family and multi-unit homes. CP basic property and associated risks, extended or special broad forms are also available for scheduled risks, or for commercial risks seeking maximum protection. Your policy can include the main living structure and any support buildings. Personal property and contents coverage, extended Accidental Water Discharge coverage, and owner's income loss coverage, along with personal premises liability, are also available on all insurance policies.
Apartment Building Insurance
We have commercial markets available for Apartment Complexes, whether large or small. Our Landlord policies currently have capacity up to 1,000 rental units. DP1 Basic, DP2 Extended, and DP3 Broad All Risk coverage forms can be bound the same day. Coverage can include buildings and contents insurance, along with the liability portion of the homeowner's dwelling insurance policy. We can help you meet the insurance needs of your Apartment complex. Landlord's options include normal Fire, Windstorm, and Hail with extended coverage and continuing rental revenue. This insurance option can either be selected at the time of purchase or can sometimes be endorsed onto your policy at a later date.
Condo Owners Insurance
Dwelling insurance programs are available for most insurance needs within the state of Texas for Rented Condo units. Extended Condo insurance with Owners Income interruption coverage available. Condominium risks are limited in coverage as they tend to be supplemental to the Condo Association's own Master Policy. The typical investor requires what is often called Between-the-walls coverage to meet the investor's needs. This can be confusing sometimes, as you will likely have two different polices covering your home. The master policy for the main structure and the stuff behind the wall. And the unit owners own policy covering what's inside the unit, along with its furnishings and fixtures. Whatever your coverage needs, we have a landlord's insurance policy to fit your property coverage needs.
Vacant Property
Texas real estate investors and professional property managers can look. Coverage for vacant properties is available on the DP1 personal lines form as well as commercial lines coverage to protect vacant homes between occupancies. Coverage can be for both Residential and commercial properties. Vacant property policies are generally limited to 3 months. 6 months or 1 year, limited liability options, and require the owner to secure the vacant property and to schedule regular check-ups and maintenance on the property being insured.
Commercial Property Insurance
Commercial coverage is available for risks up to $35 million per location. Recent covered loss is no problem. Property risk does not have to be loss-free. Commercial rental property coverage is available in CP Monoline or package policies offering Minimum Basic to extended or Special broad coverage to fit your investment situation. Individuals, Corporations, and LLCs can all be covered under our Commercial programs.
How to save on your Insurance
We can provide landlords' insurance for homes, apartments, and other main structures, as well as certain owners' contents. Both Loss of Rents and Owners' Liability protection can be included. Property Managers Professional Liability and Crime coverage are also available options. Risks do not need to be free of losses. This coverage is written on Commercial Mono Line or Package policy Forms.
Updates for your Property
1. Update your home's heating, electrical, and plumbing systems to modern standards, and you may qualify for a discount of as much as 15% on your insurance rate. Even though you may like old-fashioned fireplaces, they may not be as fire-safe as today's modern heating systems. Building safety and engineering have advanced a long way in recent decades. There are many ways to make your buildings safer. In addition to security, peace of mind, and being a lower risk, you can save money on your rental house insurance while also adding value to your home's net worth in the marketplace.
Ask about available discounts
2. Investors are sometimes unaware of all the insurance discounts that may be available from your insurer. If you don't know about discounts that can affect your final landlord insurance rate, you may not be able to take advantage of them. Be sure to inform your insurance agent about any major repairs, updates, or home renovations you've made to the house and property. Certain new appliances, like an HVAC system, could qualify you for improvement discounts. We can help you find the best insurance rate for your investment. Insurers can't always advertise all the available discounts, as they may change from time to time. The more common discounts are usually already known, but there may be others available that you hadn't thought about. This just means we have to find where they are; it does not harm to ask your agent about ways you can save.
Choice of construction materials
3. The material used in the construction of your property can go a very long way in affecting your insurance rates for apartment owners in Texas. Frame Structures provide more resistance to earthquakes. Brick buildings can offer better resistance to high winds and flying debris, as well as the occasional auto collision. Those who need Apartment Structure coverage in the Western United States can often pay lower landlord insurance rates if the buildings are framed because of the earthquakes there. Building your structure with the appropriate material for your state can easily save you 5% to 35% on your rate.
Customizing your insurance Policy
4. Your landlord insurance can be both affordable and easy to find when you are working with an agent familiar with the risks investors face. You could save hundreds or even thousands of dollars on your insurance in Texas by comparing quotes. Basic form 1 dwelling policies are usually a cheaper form of homeowners' insurance, but may offer less coverage. Special broad form policies provide more coverage, but may not always be the best value for the money. The rule of thumb is to evaluate competing coverage, whether single or multiple rental properties, and make the choice that makes the most sense for your investment exposure. Let us shop for the best rate for your apartment properties in Texas.