Landlord Insurance
Should Landlords Collect Rent Online in Texas?
Beyond the need for payment, there are many different factors to consider including security, proof of transactions, the speed in which you receive your payment, and more. Furthermore, there are more ways than ever for receiving payment including the option to collect rent online. Discover the ins and outs of rent collection to avoid pitfalls and mitigate potential losses of income.
Read MoreHow to Get Home Insurance to Cover Your Air Conditioner: A Step-by-Step Guide
Getting your home insurance to pay for your air conditioner can be straightforward for some, but coverage varies depending on your policy. Even if you have valid coverage, you might encounter resistance from your insurance provider. Fortunately, there are steps you can take to resolve coverage issues for your HVAC unit. Understanding Homeowners Insurance Coverage…
Read MoreList of Texas Home Insurance Companies by Number of Complaints
In a recent analysis of homeowners insurance complaints, various trends emerged regarding the percentage of complaints per policy for 2022 and 2023. This data offers insights into the performance and customer satisfaction levels of different insurance groups. Mercury General Group saw an increase in complaints per policy, rising from 0.03681% in 2022 to 0.02479% in…
Read MoreThe 40 Largest Home & Landlord Insurers in Texas
The Texas homeowners and rental property insurance market is dominated by a few major players, with the top 40 companies holding a significant portion of the market share. In 2022, these leading insurers collectively wrote $11.68 billion in premiums, accounting for 87.42% of the total market, which amounted to $13.36 billion. State Farm Lloyds leads…
Read MoreThe Risks of Becoming a Landlord in Texas
Becoming a landlord can be a promising investment opportunity, often heralded as a reliable source of passive income and a chance to build equity in real estate. However, the venture is not without its challenges. From problematic tenants to legal intricacies, unexpected maintenance costs, and market fluctuations, there’s a lot to consider. This essay delves…
Read MoreWhat Does TWIA Insurance Cost and What Does It Cover?
The average premium on a TWIA residential policy is approximately $2,000 (as of 6/30/2023). To get the lowest rate your agent needs to check all factors and discounts like the WPI-8 certificate discount. The Texas Windstorm Insurance Association (TWIA) was established in 1971 to provide windstorm and hail insurance for Texas Gulf Coast property owners in…
Read MoreThe Best Weather Websites and Apps in Texas
If you’re looking for the best weather websites for Texas, there are several great options to choose from, each with its unique features and strengths: Weather Underground: This site is highly recommended for its comprehensive features and extensive network of weather stations. It offers detailed forecasts, maps with various weather information layers, and a user-friendly…
Read MoreWhat Is the Difference Between Landlord and Homeowners Insurance in TX?
Landlord insurance and homeowners insurance serve different purposes and are designed for different types of property ownership. Here’s a breakdown of the primary differences: Purpose Differences: Homeowners Insurance: It’s designed for properties where the owner resides. It covers the structure, personal property, and usually includes liability protection for the homeowner against accidents that may happen…
Read MoreWhat You Need To Know About Texas Landlord & Tenant Law
Being a landlord can be a very sound financial investment, but it’s important to understand the commitment necessary in doing so. Texas landlord/tenant law is there to protect both landlords and their tenants when entering into such a relationship.
Read MoreHow To Get a WPI-8 Certificate To Lower Your TWIA Windstorm Insurance
In Texas, the WPI-8 certificate, often referred to as the “Windstorm Certificate” or “Windstorm Inspection Certificate,” is a document that shows a particular building or structure has been inspected and certified to meet the windstorm building code requirements set by the Texas Department of Insurance (TDI). These requirements are designed to ensure that structures are…
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