 Property insurance (by Mike [TX]) Aug 24, 2014 8:55 PM
 Property insurance (by Tx mike [TX]) Aug 24, 2014 9:30 PM
Property insurance (by rani [TX]) Aug 24, 2014 11:24 PM
Property insurance (by Mike [TX]) Aug 25, 2014 6:39 AM
Property insurance (by Tx mike [TX]) Aug 25, 2014 7:21 AM
Property insurance (by ellen [PA]) Aug 25, 2014 1:13 PM
Property insurance (by MikeA [TX]) Aug 25, 2014 6:42 PM
Property insurance (by MikeA [TX]) Aug 25, 2014 6:45 PM
Property insurance (by ellen [PA]) Aug 25, 2014 7:00 PM
Property insurance (by Mike [TX]) Aug 25, 2014 7:38 PM
Property insurance (by Mike [TX]) Posted on: Aug 24, 2014 8:55 PM
Message:
State Specific Question About: TEXAS (TX)
Does anyone have suggestions for how to best insure rental properties? State farm only allows 4 rentals. What are the best options? Thanks --71.252.xxx.xxx |
Property insurance (by Tx mike [TX]) Posted on: Aug 24, 2014 9:30 PM
Message:
Mike, what part of Texas are you in? I have all my homes with the same company, and the price beats State Farm by thousands if I had them all there. They pay well also, at least they did for many hail claims , and one fire claim --173.74.xx.xx |
Property insurance (by rani [TX]) Posted on: Aug 24, 2014 11:24 PM
Message:
I am insured through tapco and home owners of america. (latter is very strict with inspections etc, but do RCV vs. tapco does ACV).
TX Mike (TX) - would be interested in what company you go through as my insurance cost are rising by 5-8% each year.. --83.155.xxx.xxx |
Property insurance (by Mike [TX]) Posted on: Aug 25, 2014 6:39 AM
Message:
I am in the Dallas area. Any info is appreciated. Thanks --71.252.xxx.xxx |
Property insurance (by Tx mike [TX]) Posted on: Aug 25, 2014 7:21 AM
Message:
Call Steve at Strack ins. In Arlington. Tell him, mike in Keller sent you. He'll know which company to set you up with. 815-557-0100 --173.74.xx.xx |
Property insurance (by ellen [PA]) Posted on: Aug 25, 2014 1:13 PM
Message:
What is "RCV" and "ACV"? --63.66.xx.xxx |
Property insurance (by MikeA [TX]) Posted on: Aug 25, 2014 6:42 PM
Message:
RCV = Replacement cost value (IE: what it would cost to rebuild with new construction on your existing site)
ACV = Actual cost value (IE: what it would cost to buy the same house down the street)
For my personal residence I have RCV because if it burned I would rebuild because I like the neighborhood. Rentals I just get ACV because it is cheaper (and I don't really care which house is putting cash in my pocket).
The downside is that if you have ACV and a partial loss they will pay only the depreciated value to repair, so hope it burns to the ground or you are out of pocket to put it back in service. --108.240.xxx.xx |
Property insurance (by MikeA [TX]) Posted on: Aug 25, 2014 6:45 PM
Message:
I got quotes from several providers year before last and the cheapest I found was Upshaw-insurance.com. They service all of Texas. My rates did not go up this year so I didn't shop around. --108.240.xxx.xx |
Property insurance (by ellen [PA]) Posted on: Aug 25, 2014 7:00 PM
Message:
MikeA - Thank you.
--73.188.xx.xxx |
Property insurance (by Mike [TX]) Posted on: Aug 25, 2014 7:38 PM
Message:
Thanks to all for the info. I will definitely check it out. --71.252.xxx.xxx |
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