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Based on 2,023 reviews
I heard about TGS Insurance Agency on the radio and was skeptical about it but decided to text them and the process was so easy. The TGS Insurance Rep Kenneth Lee was so pleasant to work with and made the entire process so easy and stress free. From the time I texted until the very end took really no time at all because TGS did all the leg work for me and handled it perfectly. I changed homeowners insurance like I had wanted to but ended up changing auto insurance companies also. TGS saved me $1,000 a year for my homeowners & saved me $100 a month for my auto insurance. I would highly recommend TGS to anyone looking for new insurance or just wanting to change insurance providers. Way to go TGS!
My existing home and auto insurance (GEICO) were very high and TGS Insurance agent reduced both insurances substantially. The insurance details were discussed with me. The agent also initiated the cancellation of my existing home and auto insurances. It was a seamless transfer. Overall experience is excellent. Highly recommend others to try TGS insurance during switching their auto and / or home insurance..
Tie was great she reviewed everything to assure we received the coverage that worked for us. I would highly recommend reaching out you will not be disappointed
I was pleased with the assistance I received in obtaining my house and auto polices. I was disappointed with Sage Sure Insurance and the way I was bullied into taking a policy I didn't want then having to wait to get my down payment back from them knowing I will not get all of the payment refunded.
TGS provided fast and efficient service to insure my home and auto at a very reasonable price. The insurance agent was thorough and quick to provide details and information regarding the coverage on both policies. I would highly recommend this company for anyones insurance needs.
The agent, Luke Miller, was great! He was patient with me and very knowledgeable. He also helped me navigate my internet When I stumbled.
Great customer service, quick quotes from multiple insurance agencies. I received a quote almost cutting in half the yearly cost of my previous insurance carrier.
JR was very helpful, friendly and knowledgeable in all of my interactions with him. He got me a great rate for my cars and home and made me feel confident I made the right choice going with TGS.,
No pressure sales. The agent was about to find me an excellent deal on home/car and before she signed us up, she wanted to check one more company and found us an even better deal.
Great customer service to find the lowest prices available
Daniel Parelta is excellent, works hard for you and TGS is lucky to have people like him in this environment.
Texas Landlord Insurance
Texas Landlord insurance provides peace-of-mind to property owners when renting out their properties. Whether you rent out many properties or just one, TGS Insurance has your back. We can assist you in finding the perfect coverage for your insurance needs so you can always rest assured that you’re completely covered in any event.
Types of Texas Landlord Insurance Coverage
Depending on your policy, your coverage may include some or all of the following types of coverage for your rental property.
Liability coverage: This coverage aids you in medical or legal expenses in the event your renter or a guest experience an injury on your property. For example, icy walkways or architectural damage.
Property coverage: This type of protection covers your property if it encounters a natural disaster, vandalism, gas leak, or reckless renters.
Loss of income coverage: If your property becomes unfit to live in and runs into mold damage, termites, or a sinkhole, etc, then this type of coverage will financially reimburse you to help cover the cost a renter would usually pay you for your rental property.
What is Not Covered by Landlord Insurance?
Landlord insurance is a reassuring safeguard for owners to rent their property and is there to cover unpredictable losses, but it doesn’t cover everything. Below is a list of claims that are not usually covered by landlord insurance.
Maintenance repairs: If an appliance stops working like an oven or dishwasher, landlord insurance will not cover the repairs or the money to purchase a new one.
Careless Tenants: Irresponsible tenants who neglect to properly take care of your rental property sometimes aren’t always covered by landlord insurance. Property owners might have to look into extra protection from these types of claims.
Renter’s Personal Property: If there is damage to the tenants’ personal property that resulted from the landlord neglecting the rental home, it will not be covered under landlord insurance. We recommend that you require all of your tenants to obtain renters insurance to protect their personal belongings.
Flooding: Regardless if a flood happens because of natural causes or if it is an accident, you will have to purchase flood insurance to cover those specific damages.
What is the Average Cost of Landlord Insurance in Texas?
Landlord insurance can range from $900-$2,000 a year. Typically, landlord insurance cost about 25% more than your average homeowners policy. If you live in a bigger metropolitan area like Houston, Dallas or Austin, then expect higher policy rates. You will also want to consider the type of property you will be renting. Whether you are renting out a house, apartment unit, condo, mobile home or townhome the insurance policy for each will be different.
Factors That Affect Landlord Insurance Rates in Texas
Most insurance companies have come to the conclusion that landlords encounter more risks when they rent out their property. This is because rental properties have a higher statistical occurrence of claims than primary properties. There are a variety of factors that determine the cost of your landlord insurance in Texas, but below is a list of categories that insurance companies typically take into consideration when preparing your policy:
- The location of your rental property
- Date on when you purchased the property
- Any upgrades or improvements that have been added to the property
- Your claim history records
- Safety equipment, for example, alarm system or fire alarm
Do I Need Landlords Insurance by Law in Texas?
Landlord insurance is not required by law in the state of Texas, but it is a safe way to protect yourself if you are renting and managing a personal property. It is crucial to understand that your homeowners policy will probably not cover any losses or damages to your rental property.
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Landlord Insurance FAQS:
Is landlord insurance the same as building insurance?
No, landlord and building insurance are different in a few ways. Landlord insurance protects owners from events that cause a loss of rental income, harm, or burglary inside the property. For example, tenants leaving without notice or if your property becomes unlivable due to mold or fire damages. In contrast, building insurance covers property owners against loss to the property’s structure. This goes beyond the actual property itself and covers the garage, shed, or pools. Some examples of what building insurance covers are: fire, storm damage, lightning strikes, or water damage.
Does landlord insurance cover tenant damage?
In some cases, landlord insurance protects accidental tenant damages that could possibly happen to your rental property. However, if you require your tenants to obtain renters insurance, then their policy could compensate you with their liability insurance policy, which reimburses you for property damages from your tenant.