Products offered: Landlord insurance
Eligibility:
Must be occupied
Long-term leases/annual occupancy
Minor cosmetic repair (paint/carpet)
Less than 10k losses in the last 3 years
Tri Plex and Quadplex must have PM, SFR and Duplex not required but highly encouraged
Ineligible states: Connecticut, Florida, Hawaii, Massachusetts, New York, New Jersey, Pennsylvania
Coverage:
Up to $1 million per location property limit
Up to $1 million/$2 million per location GL aggregate
No coinsurance
Single Family Rental Program (Individual Asset)
Designed specifically for individual Single Family Rentals (1-4 units)
Eligibility:
80%+ occupied, vacant <= 60 days
Long-term leases/annual occupancy
Minimum of 3-year loss experience
3+ year property management experience (investor or professional property management company)
3+ year investment experience
Non catastrophe-prone areas with favorable legal environment
Coverage:
Up to $1 million per location property limit
Up to $1 million/$2 million per location GL aggregate
No coinsurance
Single Family Rental Program (Portfolio)
Designed specifically for portfolios of 5 or more Single Family Rentals (1-4 units)
Eligibility:
Three stories or less
80%+ occupied, vacant <= 60 days
Long term lease, min 6 month
Minor cosmetic repair
Minimum of 3-year loss experience
3+ year property management experience (investor or professional property management company)
3+ year investment experience
Non catastrophe-prone areas with favorable legal environment
Coverage:
Up to $1 million per location property limit
Up to $1 million/$2 million per location GL aggregate
No coinsurance
Multi Family Rental Program
Designed specifically for portfolios of 5 to 50 Multi Family Rentals (5+ units)
