Product offered: Landlord Insurance
What is Eligible?
1-4 unit rentals
Condos
Vacants
Prior Losses
Minor/Major renovations
No dog breed restrictions
What is not Eligible?
Short Term Rentals
- The definition of a Short-Term Rental is having a tenant(s) living in your property for less than 30 days
Mobile/Manufactured homes
Owner Occupied Homes
Prior Damage/Condemned Property
Great policy for the investor with a harder to place property who wants a quick policy insured for a specific dollar amount.
Limited post-bind functionality (See additional servicing details below)
Harder to place rentals
Older homes
Prior losses
Dwelling limits
- Minimum: $30K
- Maximum: $1M
Replacement Cost on structure (ACV if under 80% RC)
- ACV on Roofs at 16+ years
- No replacement cost estimate is run. Agent/client chooses the RC (we recommend using an external RC)
No Contents Coverage
Includes vandalism, riot, or malicious mischief.
Other Structures: 10%
- This number is included in the total dwelling value.
- Ex Dwelling is insured for 200K. Up to $20K of the $200K would be allocated for other structures in a total loss claim.
Loss of rents- Optional
- $75K max limit: $10 annually per $100 of annual rental income valuation
Water Backup: Optional
- $10K in coverage, $75 annually
Deductibles may vary by location.
