Rental property continues to be a hot
market. Here are 3 opportunities when you can say “YES!” to rental property. Most of the time you’ll be writing a policy to match a 12-month lease, or you might
help out an owner wanting to sell, but who needs to cover the mortgage by
renting it out. But you may also come across a short-term rental opportunity,
especially if you live in a resort area or a sports town. Just add our
endorsement to cover Airbnb type properties. Not many other carriers offer
this. The third rental opportunity is for more established real estate investors.
You can bundle all their homes onto one policy. One bill to pay and one renewal
date. That makes the insurance much easier to manage. Our rental program
accepts more than just single-family homes. Duplexes, 3 and 4 family homes are all welcome. We have options for rentals in good condition that maybe
need replacement cost coverage, and also those that might need a little work or
that are older. And all protection classes are accepted, even 9 and 10.
That’s great for a cabin in the woods or a summer home near a lake. You can customize the coverage with options like short-term rental, premises liability,
vandalism, burglary, water damage and more. Selling these rental solutions can
really build your business, whether it’s short-term or a normal 12 months. In
nearly all states we can even schedule multiple units onto one policy – to make
it easier for a landlord to manage their coverage. For details on this and all of
our product lines, check the website.