Recommendations for home owner's insurance? (rentals, buying a house, buying)

[poodlestix]

We are buying a house (closing July 28th), and we need to find the best rates. Of course, we don't want any fly-by-night insurance companies, but naturally we want the best rate. Thought I'd turn to this board for advice first.

[healeydave]

Hi,
This forum seems quite busy, but I'm surprised not one reply to your thread.

I too am looking for recommendations, I assume you have got a policy now.

I will be looking a policy that covers Short Term Rental though.

Regs
Dave.

[cmj_fla]

Are you looking for rental insurance (covering your personal property) or insurance to cover a property that you rent out (what they call a dwelling policy)? Rental Insurance is pretty cheap no matter what company you go with but I know for about 20K of personal property coverage it would run less than 150 a year with most companies. I recommend Universal Property and Casualty for that. If it is a dwelling policy then it would depend on the age of the property as to which company you should go with. There is a company called Homewise that I have seen great prices from on homes older than 10 years. If it is newer then that I would recommend Sunshine State Insurance. They have the best rates for homes 2001 and newer.

Hope this helps.

[healeydave]

Thanks for the info.

It would be a policy to cover the home and contents on a property I rent out on short term rental (as a vacation home).

The home is over 10 years old, surprised it makes a difference!

[oldstarfish]

I just bought my house 2 months ago. Most of the insurance companies are not writing new policies or they will required you to buy automtoive+home bundle.

I got my insurance from ASI (american strategic insurance). They don't deal with direct calls from the customers. YOu'll have to go thru. AAA.

So far I'm satisfied with the service.

[AONE]

One of the issues for a realtor is that we are not allowed to comment about specific insurance companies in the form of making suggestions.
I have run into one in particular that seems to undercut most of the competition. They quoted me for $385k in coverage, w/ replacement cost and all the bells and whistles 1350/ yr. My Nationwide policy comes in at 1450/ yr for the same coverage.

[AJ67]

any way you cut it, we in Florida are Gettting Duped by the Fraudulant Ins companies!

[cmj_fla]

Things are getting better AJ67...I have seen people with premiums as low as 400 for 200K coverage. I just hope this hurricane season doesn't screw up the good direction things are going as far as prices.

[nole795]

I am also with ASI. My coverage is about $1000 a year for a house valued at $260K.

[jeffbguarino]

I've been inquiring to quite a few insurance companies and no one wants to cover short term rentals long term are ok. I was told Universal doesn't cover short term rentals. After some confusion I repeated to the agent that it was short or long term, then she finally got it and said it would be hard to find a company!!! I know that there are literally thousands of people doing short term rentals but are they properly covered.

Originally Posted by cmj_fla

Are you looking for rental insurance (covering your personal property) or insurance to cover a property that you rent out (what they call a dwelling policy)? Rental Insurance is pretty cheap no matter what company you go with but I know for about 20K of personal property coverage it would run less than 150 a year with most companies. I recommend Universal Property and Casualty for that. If it is a dwelling policy then it would depend on the age of the property as to which company you should go with. There is a company called Homewise that I have seen great prices from on homes older than 10 years. If it is newer then that I would recommend Sunshine State Insurance. They have the best rates for homes 2001 and newer.

Hope this helps.