Centauri Insurance review


Just another option for New Orleans homeowners insurance policies

The list is growing and if you want to see a full list of insurance companies writing homeowners insurance in 2020 click here 



Centauri National is not the cheapest homeowners insurance option in New Orleans

No insurance company is the cheapest option

If they were the cheapest option on all homes in New Orleans they would be out of business after the next hurricane or raise rates to force you to move to a new homeowners insurance company

Centauri National is competitively priced in New Orleans on most home insurance policies depending on the zip code

They do use credit scoring to determine the rate they offer you so if you have poor credit or a bankruptcy they are probably not an option for you

As most insurance companies writing new policies in New Orleans La their rates are lower for newer construction

The older the home’s original year built the more you will pay for homeowners insurance is still the standard


Who is a good fit and who is not a good fit for this insurance company?

We only partner with insurance companies that we would place our family members with.

But we don’t place everyone with Centauri insurance.

Not many insurance companies want to insure every homeowner.

Not every customer is a good customer for an insurance company.

After representing Centauri Insurance for over 8 years, we understand who is the best fit.


Two most common questions asked about Centauri National Insurance

1.  “Who is Centauri Insurance?  I never heard of them.”

2.  “I went online and they had bad reviews”


Let’s address the first question now.


1.  “Who is Centauri Insurance?  I never heard of them.”


You only know of insurance companies who constantly advertise online, tv, billboard, magazines and radio ads.

They spend close to a billion dollars so you will know them.

Smaller insurance companies like Centauri Insurance don’t spend their money on advertising.

They partner with local insurance agencies to represent them…to recommend their company to the agency’s customers.

If Centauri Insurance didn’t pay claims or had bad customer service, an insurance agency would no longer offer them.

Centauri Insurance has to earn the business from the insurance agency that represents them.

When a customer asks us “Why did you recommend Centauri National?”

We answer “Because they are committed to Louisiana”

That’s it.

You buy insurance to protect you from a financially devastating event

That is the purpose of insurance

Not to buy the cheapest option because your mortgage company is making you buy insurance.

Insurance is a worthless transaction if the insurance company doesn’t pay claims.

We recommend Centauri insurance because they make our customers happy.

Happy customers stay with us.

Our goal is to keep customers for life and Centauri helps us do that.


2. “I went online and they had bad reviews”


This is true for every insurance company that sells insurance.

Just name an insurance company and you can go online and find a negative review.

Insurance companies only pay claims that you purchase coverage for.

A homeowners insurance policy has added endorsements.

It is possible that the policy that was sold to you was not a good policy and you did not have coverage for the claim

When that happens…claims get denied.


Some of the most common complaints for insurance companies are claim denials and cancellations after inspections.


If you want to find out if an insurance company is any good, you look to the insurance agency that represents them.

Look at the insurance agency’s reviews.

We have over 180 Google Reviews from happy customers

If we represented crappy insurance companies that either didn’t pay claims or slow paid claims, we would have 110 negative reviews instead of 5 star reviews.

We recommend Centauri Insurance because they make our customers happy and they make us look good.


Who is NOT a good fit for Centauri Insurance?

Bars on your windows 

Active non-weather related claim history

Poor credit worthiness

Homeowners with vicious dogs including Akitas, American Bulldogs, Beaucerons, Caucasian Mountain Dogs, Chow Chows, Doberman Pinschers, German Shepherds, Great Danes, Pit Bulls, Rottweilers, Staffordshire Terriers, Wolf Hybrids, or any mix thereof, any dog with a history of biting, or any dog underwriting deems ineligible.



Centauri National is a Preferred Insurance Company because they offer the additional coverage extensions you need

The Preferred Homeowners Insurance policy offers a few coverage extensions or endorsements.

  • Animal Liability 
  • Equipment Breakdown
  • Special Personal Property
  • Liability up to 500,000
  • Water Back Up
  • Personal Injury
  • Home computer extension
  • Service Line protection
  • Property values up to 3,000,000


You also have the option to choose the amount of personal property you want on your policy

Most insurance companies give you 50% of the insured dwelling amount

This can result in you over paying for coverage


Where does Centauri write homeowners insurance?

They currently write in 10 states

  • Oklahoma
  • Louisiana
  • Florida
  • Texas 
  • South Carolina
  • Hawaii
  • Massachusetts
  • Mississippi
  • North Carolina
  • South Carolina



They also offer an online policy portal to manage your policy

You can view your policy, pay your bill and initiate a claim

Here is their portal https://www.centauri-ins.com/ConsumerPortal/


To learn more about Centauri National and their mission click here

If you are looking for a New Orleans insurance agent that represents Centauri National, we would love the opportunity to talk to you.

Call us at 504.348.3131 to get started



Address:P.O. Box 100117
Columbia, SC 29202-3117
Phone:+1 866-318-4113

2020 List of Homeowners Insurance Companies writing in New Orleans La

The list of homeowners insurance companies writing in New Orleans La is still growing each year

There was a time after Hurricane Katrina when maybe one insurance company was writing new homeowners insurance policies

but now the list is still growing…one good hurricane and this will change the trend


Insurance companies make money on homeowners insurance in New Orleans when the wind doesn’t blow


The current environment in New Orleans is still profitable to insurance companies from other states, mostly Florida, to enter the New Orleans Homeowners insurance market

Some insurance companies have unsustainable low rates in an attempt to grow their policy count 

This is a gamble that could pay off for you because if you get a policy that is below market rate and the wind doesn’t blow and the insurance company maintains their low rates for a few years….your savings could add up in the thousands $$$

If you go with an insurance company for an extremely low rate on New Orleans homeowners insurance and a hurricane strikes after year one you could be dropped or sustain a massive rate increase and be sent to the Louisiana Citizens Fair Plan because no other insurance companies are writing after a major weather event


Here is an example from the Louisiana Department of Insurance website 

2020 List of New Orleans Homeowners Insurance companies writing new policies in Louisiana

New $400K Home
Coverage Level: Dwelling is less than 1-year-old with brick veneer construction, 2800 square feet, $400,000 building coverage, $200,000 contents coverage, 2% hurricane deductible/$500 all other peril deductible, clean claims history, 710 credit score, no wind mitigation features beyond the Louisiana building code requirements for homes built after January 2007, and no multiline discount.

Access Home Ins Co (Preferred) $5472 
Access Home Ins Co (Standard) $6870 
ACE Ins Co of the Midwest $7955 
AIG Property Casualty Co $4207 
Allied Trust Ins Co $2043 
Allstate Indemnity Co $8175 
Allstate Ins Co $8941 
Allstate Vehicle and Property Ins Co $4741 
American National General Ins Co $9318 
American Risk Ins Co $5193 
Americas Ins Co $3728 
Amica Mutual Ins Co $4650 
Anchor Specialty Ins Co $4211 
Armed Forces Ins Exchange $2364 
ASI Lloyds $2464 
Bankers Specialty Ins Co $3,479
Bankers Specialty Ins Co $4712 
Centauri National Ins Co (Elite-A program) $2716 
Centauri National Ins Co (Elite-C program) $2687 
Centauri National Ins Co (Preferred program) $4377 
Centauri Specialty Ins Co $4377 
Coastal Select Ins Co $4305 
Encompass Indemnity Co $9256 
Encompass Ins Co of America $5230 
Encompass Property and Casualty Co $8305 
Excalibur National Ins Co $4812 
Family Security Ins Co $3973 
Federal Ins Co $7907 
Federated National Ins Co $2547 
Fireman’s Fund Ins Co $8611 
Garrison P&C Ins Co $4175 
Great Northern Ins Co 
Gulf States Ins Co $2926 
Gulfstream Property & Casualty Ins Co $7146 
Gulfstream Select Ins Co $7146 
Hanover American Ins Co $8645 
Hartford Casualty Ins Co $5131 
Homesite Ins Co $5459 
Horace Mann Ins Co $5030 
Imperial Fire and Casualty $5121 
La Citizens Property Ins Corp $7614
La Farm Bureau Casualty Ins Co $8833 
La Farm Bureau Mutual Ins Co $7362 
Liberty Ins Corporation $9436 
Liberty Mutual Fire Ins Co $6620 
Liberty Personal Ins Co $9436 
Lighthouse Property Ins Corp (Beacon) $3511 
Lighthouse Property Ins Corp (Standard) $5193 
LM Ins Corp $9436 
Maison Ins Co $4447 
Metropolitan Prop and Cas Ins Co $2891 
Occidental Fire & Casualty of N.C. $3119 
Pharmacists Mutual Ins Co $5437 
Praetorian Ins Co $3453 
Privilege Underwriters Recip Exch $4707 
Progressive Property Ins Co $2464 
Republic Fire and Casualty Ins Co $4491 
Safeco Ins Co of Oregon $6086 
Safepoint Ins $3546 
Service Ins Co $2495 
Shelter Mutual Ins Co $6998 
Southern Fidelity Ins Co $2355 
Spinnaker Ins Co $3569 
State Farm Fire & Casualty Co $3432 
Stillwater Ins Co $5672
Teachers Ins Co $4424 
The American Ins Co $7077 
The Automobile Ins Co of Hartford $6693 
The Standard Fire Ins Co $7197 
The Travelers Indem Co of America $6477 
United Fire & Indemnity $7855 
United Property & Casualty $2322 
United Services Automobile Association $4029 
Unitrin Auto & Home Ins Co $4222 
Unitrin Safeguard Ins Co $1857 
USAA Casualty Ins Co $4033 
USAA General Indemnity Co $4366 
Vigilant Ins Co $7907


If you would like a quote comparison from multiple insurance companies from one insurance agency click here to get started or complete the quick form below

New Orleans La homeowners insurance guide

3 simple steps after a homeowners insurance claim

We have many New Orleans homeowners insurance customers and the more customers you have the more claims you will receive.

Most customers call us after and claim and we go over the claims process and what they can expect

After an unexpected loss you should follow a few steps to make sure you get what you are owed from the insurance company.

The first question is always “What should I do?

Three Simple Steps After a Homeowners Claim

  1. Take Pictures and Video
  2. Prevent further damage
  3. Get estimates

One fact that will surprise a homeowners customer is that you don’t have to wait for the claim representative to show up at your house

We write for many New Orleans Homeowners Insurance companies and I can tell you none of them have their company insurance claim reps that show up at your home.

They are going to hire an independent property adjuster to write an estimate

Now it is important that you document all your damage


If you make a claim and then clean up all the damage and actually do the repairs before the claim rep inspects your home you could be subject to a claim denial


Follow these simple steps

1. Take Pictures and Video

With most of our customers having a smartphone taking a video should be a priority but taking as many pictures as you can will only help you


2. Prevent further damage

This is important because in the homeowners insurance policy there is policy language that states you must mitigate your damages


Mitigate damages examples

Leaking roof? 

Get a contractor to tarp the roof to prevent further damage


Busted water pipe? 

Turn off the water and call a plumber

Yes call a plumber and get an estimate and have the plumber start the repairs to get you running water again


The insurance company will allow you to make temporary repairs to either mitigate our damages or make your home liveable


3. Get Estimates

The insurance company claim rep is going to write a repair estimate but it is not the final word.

You can dispute and negotiate an insurance company’s estimate

Get at least three estimates to confirm the insurance company estimate is accurate

Remember the first initial estimate is not always the final estimate even if the estimate includes a check

Just make sure you don’t sign a property damage release 

To protect yourself you can send an email that states “I accept this estimate and check but there may be additional damage or increased cost to repair”


 Professional Insurance Advisor Tip

Never go it alone during a claim unless you purchase your insurance directly from the insurance company.

If you did you are really left all alone because its you against the insurance company.

If you purchased your insurance from an insurance agency you should have access to claims advisor on staff that can help you find the claims resolution you need.

Where can I find the best homeowners insurance?

Finding the best homeowners insurance in New Orleans has never been easy.

Companies enter the insurance market with low rates only to follow up their renewal with a rate increase.

Some home owners feel like they have to shop their homeowners insurance every year to maintain an affordable home insurance rate.

The good news is we have more homeowners insurance companies wanting to write home insurance in South Louisiana today than we did before Hurricane Katrina.


Home insurance companies in Louisiana determine their rates based on your zip code

If you live in Kenner, La 70065 you will pay a different rate than if you live in New Orleans, La 70124 and you have the same exact house

with the same underwriting factors that affect the rate such as

  • Year built
  • Type of roof
  • Construction type
  • Credit Score
  • Claim history
  • Replacement Cost
  • Discounts such as monitored burglar and fire alarm
  • Year of updates to plumbing, roof, electrical and heating air conditioning


So what can I do to find the best homeowners insurance company? 


1.  Ask your friends, family or neighbors about their homeowners insurance.

If you know, like and trust someone is usually the greatest referral or source of information you can get.  

The best information is after they have had a claim

Insurance can be at a great rate but if the claim process is bad the policy is not worth the price you paid


2.  Find a Local Independent Insurance Agent in your community.

Independent Agents usually represent more than one company and know who is the most competitive in your zip code.

They should not have an allegiance to any one company so they should be able to provide you with an unbiased opinion and best option for you.

Multiple companies are now writing complete policies that include wind in South Louisiana


3.  Determine the length of time the insurance company has been writing in your area.

A recent trend when new companies start writing in New Orleans is they offer low introductory rates only to follow up the renewal with a rate increase.

Their thinking is to gobble up market share and start raising rates and just hope you don’t notice the rate increases.  

It is important you go with a company that has stabilized their rates and are not subject to large rate swings when you make no claims.

A good rule of thumb is at least 3 years writing new policies in your zip code


4.  Battle Tested during recent claim events.

Most homeowners want the lowest premium and the best coverage but one thing you may not think of is the company’s claim paying ability.

Low rates will prove very frustrating when the company can’t respond to your claim or have difficulty writing checks when you need them.  

If you have found the lowest rate on homeowners insurance, ask if the company has been through a hurricane or hail storm.  

If not, you probably have no idea if the company will still be around if another Katrina type event happens again.


Finding the best home insurance in New Orleans is possible if you just do a little homework on your end and don’t jump on the lowest quote proposal.

There are so many endorsements on a homeowners policy that can alter the rate you pay that you really may not be certain you are getting exactly what you want or need.

When I review a customer’s existing homeowners policy and explain to them what is not covered because the previous agent either left off a few endorsements or purposely reduced coverage to get the premium down, is when you can begin to understand what you are actually getting when you purchase a home insurance policy.

Homeowners insurance policies are not maintenance or home warranty policies.

Insurance policies are designed to protect you during claim events you could not recover from financially on your own.


Financially devastating events are…..

Can you afford to rebuild your house after a fire?

Probably not.

Get a homeowners insurance policy.


Can you afford to rebuild your house after a flood?

Probably not.

Get a Flood Insurance policy.


Can you afford to replace all of your contents after a theft?


Get your contents covered for the value of your property you have inside your house.


What’s this all about?


Finding the best home insurance policy in New Orleans is not about the cheapest price or lowest quote proposal.

You need to understand what is covered and what is not covered and make sure you are getting what you need to properly protect yourself in the event of a claim.

Buying the cheapest car on the lot may help your checking account but if it breaks down on the interstate, the savings will disappear once your roll it into the service department.

My name is Tim D’Angelo and I would like the opportunity to talk to you about your New Orleans area homeowners insurance.

You can call me at 504.348.3131 or complete the home quick form below to get started.

how to lower a mortgage without a refinance


Question: What are the ways to lower a mortgage without a refinance?

  • Recast or Reamortization
  • Request to remove PMI
  • Ask to recalculate your escrow
  • Review your Homeowners Insurance again


When you refinance in most cases you add years to your mortgage and you pay fees in thousands and at closing you probably pay 1% of the loan amount as the origination fee.

Before you consider a refinance or if you tried and didn’t qualify…here are some other options to try first


No mortgage lender will advertise this as an option to you because they don’t make much money

With low interest rates right now the money is in the refinance for them

But a Recast or Reamortization is an option that may be available to you

It allows you to lower your monthly payment and pay less interest over the life of the loan

How does a Recast work?

You offer to pay a minimum payment usually starting at $5,000

The remaining balance is then amortized or “Recast” the monthly payments

There is a fee for a Recast but it is minimal compared to a refinance and can be as low as $150

A Recast is not available from all lenders so you need to call and ask your lender if they offer a Recast

💡Tip: A recast does not shorten the length of your mortgage but it also does not extend the length like a refinance


Benefit of a Recast?

New principal balance is recalculated

Reduced principal balance equals lower interest


If you have less than 20% equity in your home or didn’t make at least a 20% down payment on your home purchase, you are paying PMI or private mortgage insurance

To meet the 20% equity threshold for your lender to consider removing PMI there are few things you can do

Get a new appraisal on your home if you believe the value of your home has increased

Did you increase the value of your home?

Added a room?

Did a kitchen remodel?

A new swimming pool?

Did the home values in your neighborhood increase?

Your home is now worth more than when you purchased it

Use the Loan to Value Formula to see if you can remove PMI

Divide the loan balance (amount you owe now) by the original appraised value (purchase price?)

ex) You owe $175,000 on a house that cost you $220,000 


79% so you are under 80% it is time to request to cancel PMI


You can call your lender and ask for an escrow analysis

When to ask for this?

Property taxes have decreased

Home Insurance rates have gone down

You no longer have Flood insurance escrowed because you are now in a preferred flood zone X

💡Lower rates on Home insurance is the fastest way to lower your mortgage payment at no cost to you

The two best times to review your Home Insurance?

Escrow analysis

Home Insurance renewal

With over 25 home insurance companies writing new policies in South Louisiana now is the time to get a lower rate

Credit and Non Credit Home Insurance rates are available

🏘️Reasons to get a new home insurance quote?

You have been with the same company over 3 years

When you purchased your home the lender or real estate agent recommended you to their insurance referral partner

You have not reviewed your home insurance since you purchased your policy 


When your home insurance is escrowed and you find a lower rate on home insurance

Your lender will perform a new escrow analysis based on the lower annual home insurance rate which will result in a lower monthly payment

You get a refund in the mail when you cancel your home insurance policy before the expiration date


Breaking up is hard to do

It can be awkward that is why we do all the work for you

We obtain the necessary paperwork so we can get you a refund sent directly to YOU not your mortgage company

We make it easy for you

When you do I will review your insurance protection and let you know if we can help you within minutes

Talk to you soon 

Agent Tim 504.348.3131

FM Agency Group has been helping homeowners since 2001 with their home insurance protection

When to buy accident forgiveness?

Accident Forgiveness is an additional coverage offered by Car insurance companies


It is only offered to drivers with no accidents

Accident Forgiveness is allowing you to purchase additional insurance that will prevent the car insurance company from raising your rate after your first at fault accident

The insurance company will remove accident forgiveness if you get into your second at fault accident and then charge your policy with 2 at fault accidents

When that happens its time to actively shop every car insurance for the best rate with two at fault accidents


What is the cost of Accident Forgiveness?

As low as $50 every 6 months


Not sure if accident forgiveness is worth it?

If you do nothing and don’t purchase accident forgiveness and you have your first at fault accident

your current insurance company will raise your rate as high as twice what you currently pay


So you are thinking I will just shop it with another insurance company

Insurance companies share your claim history with each other in a CLUE report

Your driving record stays with you for three years

Each new quote with another company would be rated with an at fault accident

When is the best time to buy Accident Forgiveness?

When you have a clean driving record

Accident Forgiveness is basically buying insurance to protect your rate from an increase due to an at fault accident


Here is an example of the cost of Accident Forgiveness vs Insurance with one at fault accident over 3 years (time needed for accident to fall off your driving record)



Current 6 month rate is $982

with Accident Forgiveness $1032

$1032 x 6 terms (3 years) = $6,192



6 month rate with an At fault accident is $1,473 (50% surcharge for accident)

$1,473 x 6 terms (3 years) = $8,838


💲💲Additional $2,646 over 3 years with an at fault accident


Which insurance companies offer Accident Forgiveness?

Most insurance companies offer accident forgiveness to good drivers

But most do not

Some companies offer it but you need to wait 3 years before it goes into effect and you need to pay for it for 3 years

But one company, National General, offers instant accident forgiveness as low as $50 every 6 months


If you are currently a good driver with no accidents now is the time to lock in your good driving record and prevent a 100% increase on your current rate if you have an accident

You can give us a call and get your Accident Forgiveness Car insurance quote or complete our quick form

Talk to you soon 504.348.3131

How much does Metairie Home Insurance Cost?

How much does Metairie home insurance cost?

Metairie Home Insurance can vary based on underwriting factors that are not limited to

  • Your credit score
  • The age of the house
  • Brick or Frame construction
  • Year of roof replacement
  • Gable or Hip shape roof

There are many underwriting factors that go into a home insurance premium. 

Throughout the years we have helped many residents with their home insurance needs all over the state of Louisiana.

The cost of home insurance can vary not only from parish to parish but from neighbor to neighbor


Here is a house in Metairie Zip Code 70005

It is a brick house with a hip roof built in 1978.

Replacement Cost 240,000

Hurricane Deductible 1% – 2%

All Other Peril Deductible 1,000 – 2500

*Average Premium $1200 to $2800

*homeowners insurance rates in Metairie could be lower based on, but not limited to, underwriting factors, home features, credit worthiness and claims history.


Homeowners insurance rates are usually based on many underwriting factors but not limited to credit worthiness, age of house, construction materials, roof shape, security features and claims history up to five years.


If you are searching for a new home purchase in Metairie

here are some house features you could look for that could reduce the home insurance premium.


Hip Roof Shape

– a roof where all sides slope downwards to the walls or gutters.

Brick House

-brick homes are less expensive than frame home insurance quotes

Year Built

-newer homes receive more premium credit than older ones

Monitored Burglar and Fire Alarm

-Premium credit for having both monitored

Renovated Property

-Electrical, Plumbing, Roof and Heating A/C


If you need a quote on new purchase in Metairie or have an existing Metairie home insurance renewal that you would like us to review

give us a call at 504.348.3131 or complete or quick form


Other articles you might like




Home insurance for rental property

Buying a rental property can be a great investment in Louisiana

Only if you buy in the right neighborhood for the right price

If not what appeared to be a good investment can turn into a drain on your bank account

but if you choose the right rental property you can put together residual income for a long time and even could be your retirement plan


What we can do is help you lower your insurance expenses and provide you the protection you need


Two types of insurance policies you need

1) One policy for all your properties

This was not possible for many years but now you can add all your properties on one policy and get one insurance bill


2) Personal Umbrella policy

Once you purchase your first property you don’t want to lose after one claim

Most rental property investors believe it is the slip, trip n fall claim but what about your tenant starts a fire in your property and a few houses next to yours also catches fire?

Your liability coverage would need to pay for the damage but if you only have 100,000 you could be paying out of your pocket

The umbrella insurance policy kicks in with an extra 1,000,000 of liability for property damage to others after your primary liability of 300,000 is paid


To protect your real estate portfolio you need to buy the right protection

You want coverage for the

  • Structure (fire, wind, hail, vandalism, theft, water damage and more)
  • Unattached structures
  • maybe some contents inside (appliances)
  • Liability protection for injury and property damage
  • Loss of rental income
  • Free legal representation from covered claims by your insurance company


You want your policy to be written in your personal name or an LLC

Standard policies cover 1-4 family properties for landlord property investors

If over 4 units, you would need a commercial property policy


Cost of insurance?

It depends on the property

Price varies in each zip code and construction type

You will pay less for Brick houses

Hip shape roof over gable roof will earn you a discount

Year built helps too (the newer the property, the lower the rate)


Landlord Rental Insurance for older homes

If you buy an older home but it was renovated you can get a discount on the rate

The updates the insurance company is looking for would be an update to the




heating air conditioning

If you update those four items on an older home you will get a reduced rate on the rental dwelling quote


What limit of liability can I get to protect myself?

You can get 100,000 but the minimum you should purchase is 300,000

Some companies offer 500,000

To qualify for a personal umbrella you need to have at a minimum 300,000 on your rental property policy

When you purchase a personal umbrella the liability limit starts at 1,000,000

The additional 1,000,000 of liability protection will be in addition to the underlying liability limit on your

  • house
  • cars
  • boat
  • rental properties

Protecting your real estate investments from property damage and liability claims is the most important 

If you would like a protection proposal for a rental property you want to buy or get a review on your existing real estate portfolio 

To get a quote click here www.fmagencygroup.com/#quote

Umbrella insurance for rental property

Umbrella Insurance for rental property investors

A common question from most real estate investors is LLC vs Personal umbrella policy?

I suggest a personal umbrella policy over an LLC and here is why


Only an attorney and your CPA should answer all your questions about an LLC

I speak to real estate investors every day

Some have each property in an LLC and some have all their properties in their personal name

Owning all your properties in your personal name only makes financial sense if you purchase a personal umbrella

If not, your entire real estate portfolio is exposed to a claim

I like to define a claim as “something that can never happen in a million years only takes a second”

Best Umbrella Insurance for Landlords

If you own your properties in your personal name here is the liability gameplan you must follow


Step 1

max out the liability limits offered on your primary rental property insurance policy

Insurance companies will usually offer 300,000 or 500,000 max liability limit

The cost difference between the two options can be as low as $25 a year

Max out the limit available


Step 2

Purchase a personal umbrella policy or an excess liability policy and schedule all your properties

Some of these type of policies will limit the number of properties you can add to the policy and may limit the amount of coverage you can purchase

A max limit can be 5,000,000 or 10,000,000 and it depends on the insurance company


How much does a personal umbrella policy for landlords cost?

It can start as low as $300 a year

and the minimum limit you can buy is 1,000,000 of liability

How much liability will I have after I purchase the personal umbrella policy?

You need 300,000 of liability on your primary policy to qualify for the umbrella policy

If you purchase a 1,000,000 limit you will have 1,300,000 of liability to shield you from a claim

You can purchase higher limits up to 10,000,000


Why a personal umbrella over an LLC?

An LLC is a business and you must treat it as a business

You can not mingle your personal funds with the LLC funds otherwise you expose yourself personally to a claim

Did you “pierce the corporate veil“? would be a common conversation with your attorney after a claim 

Most attorneys in New Orleans will name you personally in any lawsuit to try to find deep pockets anywhere they can

You personally and your LLC would be named in the lawsuit


Tip:  a personal umbrella would exclude any coverage for business operations on behalf of your LLC

You would need to purchase a commercial umbrella policy and the underlying liability requirement is 1,000,000 

You would need to have your rental properties owned in an LLC on a commercial property form


The added benefit of having a personal umbrella policy?

Yes you can add your rental properties to your personal umbrella policy and get an additional 1,000,000 to start

but you also get liability protection for yourself

You get an additional 1,000,000 of liability over 

your home

you cars

your boat

your motorcycle

your condo


We all know the slip, trip and fall scenario that exposes real estate investors to lawsuits weekly in Louisiana but what about an accident you are responsible personally?

The most dangerous thing you do every day that exposes your bank account is when you get behind the wheel of a car

Inattentive driving accidents have skyrocketed over the years due to smartphones being connected to our hip 24/7


When you purchase a personal umbrella policy you must raise your liability limit on your car insurance to 250,000

This allows you to now have 1,250,000 of liability when the next accident occurs


There is no correct answer if you should own your properties in an LLC or in your personal name

Each option has pros and cons

As a real estate investor and an insurance advisor I prefer the personal umbrella for all my assets

I don’t want to have defend myself  and prove that I didn’t “pierce the corporate veil” on a rental property I own in an LLC with a plaintiff attorney

If there is a claim I turn it in to the insurance company on the property and I turn in the claim on my personal umbrella policy and let the insurance companies investigate and defend me

Bonus:  The personal umbrella policy not only covers my mistakes or accidents but my wife and kids too

The #1 goal of insurance is to protect you from a financially devastating event

The personal umbrella policy for Landlords and real estate investors is the one policy you must own

My name is Tim D’Angelo and if you want to discuss a personal umbrella proposal to protect your real estate portfolio

you can call me at 504.348.3131 or book an appointment with me at a time that is convenient for you

Talk to you soon

Your home insurance policy is weak

5 Home insurance endorsements you need but probably don’t have

There is a way to Hurricane proof your home insurance policy in South Louisiana

A standard home insurance policy is not enough here

You need to add some inexpensive coverage options to get your policy ready for Hurricane season 

We often recommend these 5 home insurance policy enhancements to our customers

Here are the 5 enhancements your policy probably does not have 


Service Line Endorsement ($30)

This replaces any piping or wiring the provides electrical power, heating, natural gas and waste disposal 

Why this is important?

It is the coverage that is added to pay for the replacement of piping

A standard policy excludes the replacement of the piping due to corrosion and tree root intrusion

Coverage that would have been excluded is now covered for Wear and Tear, Rust or Corrosion, Collapse, Tree root intrusion and Freeze

ex)  the sewer pipe running under your slab collapses due to age and wear and tear (standard exclusion)

Your policy would pay for the resulting damage the collapsed pipe caused but replacement for the pipe is out of your pocket

With this endorsement you get paid to replace the sewer line pipe under your house

Coverage includes $10,000 for damage and subject to a $500 deductible


Refrigerated Property ($10)

Loss of power to your property that is out of your control

ex) a car hits a telephone pole up the street and you lose power (normal Power Failure exclusion)

You will get $500 of covered property in your freezers or refrigerators on the residence premises (your house)

Also mechanical failure is also covered (normal exclusion)

Deductible of $100 applies

This coverage is great during a Hurricane Evacuation and when you return home all your contents in your freezer and refrigerator are spoiled


Hurricane Evacuation Reimbursement ($50)

Little know fact is when you evacuate for a hurricane and you return home and there is no damage

you don’t get loss of use or reimbursement 

You must have damage to your home for loss of use to kick in

This endorsement will provide $1000 to $1500 of reimbursement due to a mandatory evacuation

Damage to your home is not required to get reimbursed


Equipment Breakdown ($30)

This removes the Artificially Generated Electrical or Power Failure current exclusion

Lightning is covered under a home insurance policy but off premises power failure is not

If you can’t prove lightning destroyed your a/c unit or electronics you will not get coverage unless you have the Equipment Breakdown endorsement

The mechanical or electronic breakdown of equipment is covered here

Pro Tip:  Wear and Tear of your a/c unit or appliances is not covered under a home insurance policy or under this endorsement

here is an interactive Equipment Breakdown explanation


Why I like this coverage?

You buy the coverage to give you the greatest chance of a claim check being issued to you

The home insurance policy is over 100 pages and most of it is what is not covered

When you have the opportunity to buy some coverage back for about 8 cents a day….I recommend you buy it


Extended Replacement Cost ($180)

This provides an additional 25% of replacement cost to your policy

ex) your home is protected for 200,000 and with this endorsement the insurance company will pay an additional $50,000 (25%) if the cost to rebuild your home is over 200,000

Just about everyone except a residential home builder has no idea what it costs to rebuild a home

This number fluctuates and has nothing to do the value of the home or current real estate values

This is the cost of hiring a contractor to buy building materials and hire labor to rebuild


Why this coverage is important?

Following a major claim event such as a tornado or hurricane the cost of building materials will go up

So if you believe your current home is valued at $130/sq ft to rebuild

following a hurricane the cost could skyrocket to $145/sq ft

ex) Before the hurricane you could have rebuilt your 2200 sq ft home at $130/sq ft for $286,000

but after a hurricane that almost wiped out your home the quote from the contractor to rebuild is $319,000

The 25% extra on the insured value of 286,000 will allow you an extra $71,000 to rebuild your home so you will not have to pay any money out of your own bank account to rebuild and the cost to get the extra coverage on your policy is 49 cents a day


What can you do?

You are able to pick and choose which of the above home insurance policy enhancements you want or you can build a better home insurance policy by buying all of them

If you want to review your current home insurance policy just complete the quick form to get started


Talk to you soon

Tim D’Angelo FM Agency Group


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