There are a number of good choices available for landlord home insurance in Texas. I have experience selling policies from four different companies. All offer a package of coverage's based on state guidelines described as Texas Dwelling Policies; TDP1, TDP2, or TDP3. TDP1 has the least coverage and TDP3 is the most comprehensive package. Then there are options to select the amount of deductible and extra cost options. I have listed a short summary of my opinion about the differences.
Farmers Insurance offers a dwelling policy that has very good pricing. They are a top rated company and known for superior claim service. For customers that want to pay monthly instead of a single payment, the terms are excellent. At the time of this article they are not writing new dwelling policy business in many coastal areas. Also Farmers requires a separate flood policy to go with the dwelling policy in certain zip codes. For some areas they require a high deductible for the tropical cyclone coverage.
Foremost Insurance is another top rated company with good pricing and superior claim service. They have a very good finance option for their policies. At the time of this writing they are not writing new business in some coastal areas.
Voyager Insurance has excellent dwelling policy rates. They are currently writing new business in most areas including most coastal area dwellings. They have a finance option but the finance terms are not as good as Farmers or Foremost. Voyager is A rated and a good company to do business with. One drawback is that they will not offer coverage for homes that are over 30 years old unless they have upgraded electrical and plumbing.
Pacific Insurance is another A rated company with excellent rates. They are currently writing in most areas and homes over 30 years old are accepted. Their customer service is excellent. Terms for premium financing are not the best with this company. However their rates are low so many customers elect to pay in full or bill their escrow account.
Be sure to have your agent explain coverage options when you select a policy. For dwelling policies liability coverage is often optional so that is something to ask about. It is also a good idea to require that tenants purchase a renters insurance policy that includes personal property and liability coverage.
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