Hi all,
I own a rental house that my wife and I purchased several years ago. We lived in it for four years before moving out of the state and renting it. It is still currently a rental, which I plan to keep for a long time.
Up until earlier this year, that house was covered on the same Progressive home owner's insurance we've had since buying it. It was a good monthly premium, so no need to change. Then earlier this year, I got a letter saying that since I no longer reside in the house my insurance would be canceled. Makes sense, I'd heard that not all homeowners ins will cover a rental, but I was surprised it took that long. Oh well.
So I scrambled to find the best new insurance for the rental. At first, it seemed Safeco would be the company to go with, but I didn't qualify because there are 8 units in the rowhomes and Safeco only allows 6. Strange. Then I tried Allstate, the company on my primary residence. They offered a decent premium as long as I carried my auto insurance to them as well, which I did for the benefits of one company and the multi policy discount.
Now I'm wondering if I do some independent shopping around for all my insurance, from car to home to landlord. I'm very interested in Metromile insurance when it's available in my state since my wife and I both drive under 400 miles per month. I'm thinking Safeco might be the best insurance for my primary residence based on low rates and mustacian recommendations. Now I'm wondering who I should look at for competitive landlord insurance since Safeco is out of the picture. Any recommendations?