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Single Family Rentals

Unlike the traditional policies purchased today, our single-family rental policies were originally created for banking institutions, lenders, mortgage companies and private real estate investment firms that had a large volume of properties that needed to be insured.

Now, these policies are available to the real estate investor. This exclusive and flexible program is a perfect fit for Investment Property Owners with 5 or more property holdings with one to four unit properties.

Investor Challenges & Solutions

CHALLENGESSOLUTIONS
High cost of insuranceVery competitive rates
Insurance company requires high coverage limits and raising coverage every yearInvestor gets to choose the coverage amounts and they do not change unless investor changes
Troublesome inspectionsNo Inspections
Limited coverage for vacant propertiesVacant properties covered
Lower limits of liabilityHigh limits of liability per property
Basic and actual cash value policiesSpecial perils coverage form
No replacement cost or stated value coverageReplacement cost coverage – Coverage is stated limit per property
Paying higher premiums for older properties, unfavorable areas and construction typeNo age, location or construction type issues or up charges. Consistent pricing
Having co-insurance penaltiesNo co-insurance penalties
Multiple insurance bills per property that are difficult to manageOne bill, one policy. Monthly or annual billing with no service fees
No ability to combine multiple LLC’s and entity types on one policyCan insure multiple LLC’s, trusts, LP’s, corporations on one policy
Delayed closings because of inspections and underwriting by company and agentNo inspections or underwriting. Investor can add or delete property online
Coverage for out of state propertiesNationwide coverage on the same policy
Extra charge for additional insuredNo extra cost for additional insured
Earned premium minimumsNo earned premium minimum or short rate penalties

Target Classes

  • 1 – 4 unit dwellings
  • Minimum of 5 or more properties
  • Small apartments
  • Long term rental portfolios
  • Condominiums
  • Buy and sell flippers
  • Light commercial mix
  • In-state or multi-state portfolios

Coverage Highlights

PROPERTYLIABILITY
Special Causes of loss (ISO based form)$1 million per occurrence / $$2 million aggregate – per property
Loss of rents and business personal property included when requested$5,000 medical payments
Deductibles range for $2,500 to $25,000No deductible
Separate deductibles wind and hailExcess coverage available
Up to $5,000,000 per propertyISO based CGL coverage form