Rental Property Insurance

Are you at Risk for Being Under-Insured on Your Rental Properties? -OR- Are You Paying Too Much For Your Coverage?

Rental Property Insurance can be complex and confusing because it is very different than insuring your primary home, and there are a lot of myths floating around out there that can get you burned when you least expect it.

Have questions about your own rental properties? Watch the Webinar below and then book a complimentary one-on-one consultation with National Real Estate Insurance Group (NREIG) to talk through your insurance questions and opportunities to strengthen your portfolio:

Free Phone Consultation with NREIG

Replacement Cost vs. Actual Cash Value—what's the difference, and which should you choose?
Does your policy cover lost rental income if your property becomes uninhabitable?
Why requiring renters insurance can protect both you and your tenants.
How to spot hidden coverage gaps and avoid paying for protection you don't actually need.

Live Webinar: Wednesday, July 1st at 6pm PT (9pm ET)

WATCH THE WEBINAR REPLAY:

Good News: Entering your info will also add you to our VIP email list for the best real estate investing tips, resources and access to private buying opportunities. Unsubscribe any time.

How much do you really know about rental property insurance?

Here we debunk 13 rental property insurance myths:

Myth 1: Rental property insurance is exclusive of estate, tax and financial planning.
Myth 2: Being named as an "additionally insured" on the existing homeowner's policy will sufficiently protect your interests on a "subject-to" deal.
Myth 3: Buying a property in your personal name and using your homeowner's liability policy is fine.
Myth 4: The personal dwelling fire policy is sufficient to cover your non-owner-occupied rental property.
Myth 5: You have a personal umbrella policy so you don't need "commercial" insurance.
Myth 6: A claim that occurred before you owned the property shouldn't affect your insurance rate.

Myth 7: All policies and coverages are created equally.
Myth 8: Self-insuring your property is always too risky.
Myth 9: You need "builders risk" coverage for your vacant or rehab project.
Myth 10: It's worth it to hire a handyman to do the maintenance on your properties.
Myth 11: If you use your personal vehicle to service your properties, then your personal auto policy is sufficient.
Myth 12: It's enough to simply require renter's insurance.
Myth 13: Cheaper is better.

Introducing National Real Estate Insurance Group (NREIG)

NREIG is Different Because It Offers:

A Tenant Protector Plan that provides your tenants with contents coverage as well as liability coverage for you as the property owner for tenant-caused losses.
Monthly reporting form that allows your property to be insured through multiple phases of occupancy without the headache of having to cancel and rewrite policies.
Underwriting your property without requiring CLUE reports or "loss runs" from prior owners.
Review of General Contractor liability certificates of insurance to ensure you are protected when maintenance is being performed on your property.
Umbrella policy limits up to $200,000,000.
Loss management services that assist you through the claims process and work as an advocate on your behalf.
Loss Prevention services to keep you informed of the latest industry news and tips.

Was your insurance policy customized for you by a rental property specialist?

If the answser is ‘No‘, allow Maverick to introduce you to National Real Estate Insurance Group (NREIG).

NREIG is designed just for real estate investors and insures over 52,000 units in the U.S. for more than 12,000 individual investors, conglomerates, bulk REO holders, and more.

Other Resources You May Like

AFFILIATE DISCLOSURE:

You should assume that Maverick Investor Group, LLC has an affiliate relationship and/or another material connection to all suppliers of goods and services mentioned here and will be compensated for showing advertisements, recommending products or services, or linking to the supplier's website. You should assume that all links here are affiliate links and that Maverick Investor Group, LLC will be compensated for anything you purchase through those links.

Check Out Our Free Resources

Click on a category and see all of our educational resources available for you:

Rental Property Insurance

Are you at Risk for Being Under-Insured on Your Rental Properties? -OR- Are You Paying Too Much For Your Coverage?