I had Farmers for my home insurance plus 7 rental property landlord policy (5 single family and 2 duplex) for more than 10 years and never had any claim. Just received a notice that the home owner policy premium will be raised from $1700 to $2900/yr with the coverage limit raised to $540000 from $500000. location Northern California. I am thinking not to renew the policy and just go without home insurance. The house has no morgage. But I am afraid it would affect my landlord policies on my rental properties if not renew home owner insurance due to the landlord policies maybe boundled with my home policy. I called the agent but she does not know. It seems strange that some of my landlord policies only costs half of the premium of my residence with even higher coverage ($800,000 vs $540,000 for dwelling and structure) Because many insurance companies have stopped writting new polices in California due to wild fire danger, it would be difficult to find a cheapper alternative.
Appreciate it very much if someone can comment, share thoughts or give advices. Also, if you use Farmers for both your home and rental property, have you noticed that the rental premium is way cheaper than the home policy?
I had Farmers for my home insurance plus 7 rental property landlord policy (5 single family and 2 duplex) for more than 10 years and never had any claim. Just received a notice that the home owner policy premium will be raised from $1700 to $2900/yr with the coverage limit raised to $540000 from $500000. location Northern California. I am thinking not to renew the policy and just go without home insurance. The house has no morgage. But I am afraid it would affect my landlord policies on my rental properties if not renew home owner insurance due to the landlord policies maybe boundled with my home policy. I called the agent but she does not know. It seems strange that some of my landlord policies only costs half of the premium of my residence with even higher coverage ($800,000 vs $540,000 for dwelling and structure) Because many insurance companies have stopped writting new polices in California due to wild fire danger, it would be difficult to find a cheapper alternative.
Appreciate it very much if someone can comment, share thoughts or give advices. Also, if you use Farmers for both your home and rental property, have you noticed that the rental premium is way cheaper than the home policy?
糊涂前辈是身经百战，经历过大风大浪的，跟着前辈买股票准没错，哈哈
没有Loan 的房子， 没有Lender 管你，可以不买。风险自负