In our Program, log cabins are defined as homes built from horizontal log walls, with corner notching, chinking, and a gabled roof (preferred). Log homes are typically rustic or pioneer-style design and found in rural or wooded areas. Due to their unique construction materials and typical remote location, log cabins come with unique risks that tend to affect coverage availability and cost. In response to these challenges, REInsurePro developed CabinGuard, a comprehensive property and liability insurance package specifically for non-owner-occupied log homes.
What does CabinGuard cover?
CabinGuard seamlessly integrates with REInsurePro’s monthly reporting structure, offering the same flexibility and convenience your clients rely on for the rest of their portfolio. Whether your client’s log home is actively rented out, vacant, or undergoing cosmetic renovations, our log home insurance provides coverage for both the investor and their property.
Dwelling
Dwelling coverage protects against sudden and accidental direct physical damage to the property. For instance, if severe weather were to cause a tree to fall on the roof, resulting in structural damage, the investor may be covered for the cost of repairs.
REInsurePro offers Basic and Special Form coverage for log cabins homes. Covered perils may include, but are not limited to:
- Fire
- Lightning
- Windstorm and Hail
- Explosion
- Smoke
- Aircraft and Vehicles
- Riot or Civil Commotion
- Volcanic Action
- Sprinkler Leakage
- Vandalism
- Malicious Mischief
Premises Liability
When an investor owns and rents out a log home, they open yourself up to liability risks. A Premises Liability policy provides your investor clients with protection against liability claims that can arise from incidents on their property. Examples may include:
- If someone were to slip and fall on the property
- If a tenant’s dogs were to bite someone on the property
- If a tenant suffers medical issues from a carbon monoxide leak
*Medical expenses are included for third parties.
Our liability options start as low as $7 per month, per property, and come with a $1MM per occurrence, $2MM aggregate limit of liability.
What deductible is right for a log cabin rental?
When selecting their property deductible, investors should consider the smallest claim they would actually file. For instance, if they wouldn’t bother to file a $1,000 claim, then it doesn’t make sense to carry a $500 deductible. Our liability insurance has no deductible. CabinGuard offers property deductible amounts of $2,500, $5,000, and $10,000.
*Locations insured with CabinGuard must also carry a Tenant Protector Plan® policy. Wildfire scores may impact coverage availability. The property must have working utilities, including electricity and water, to be eligible for coverage.
