Protecting your clients’ investments with the right insurance coverage is crucial. At REInsurePro, we offer a variety of insurance options tailored to meet the unique needs of each investment property your clients own. Below is a brief overview of the property types we insure, and the coverage provided by each standard policy. Insurance for these property types can be customized with additional ancillary products. 

Tenant-Occupied Rental Properties  

When renting out an investment property, it’s important that your client’s insurance is specifically designed to cover tenant-occupied homes. Our standard Rental Property Insurance includes:  

• Dwelling Coverage – to protect the physical structure.  
• Premises Liability Coverage – for injuries or damages that may occur on the property.  

Vacant Properties

Properties listed for sale or in-between tenants are vulnerable to a variety of risks, vandalism, theft, and fire among the most common. Our Vacant Property Insurance protects unoccupied properties from costly potential losses. Plus, with our monthly reporting form, investors can seamlessly update or cancel their coverage when a tenant moves in, or if the home is sold, all without minimum-earned premiums. Our standard Vacant Property Insurance includes: 

• Dwelling Coverage – to protect the physical structure.  
• Premises Liability Coverage – for injuries or damages that may occur on the property. 

Properties Undergoing Renovations

Major, or even minor, renovations can expose property owners to increased risks. Our Renovation Property Insurance is a must-have to limit exposure during rehabs. Our standard Renovation Property Insurance includes:  

• Dwelling Coverage – Builder’s Risk Form coverage to protect the physical structure.  
• Premises Liability Coverage – for injuries or damages that may occur on the property. 

New Builds or Major Layout Changes 

When constructing a new property or making significant changes to a home’s layout, it’s very important for the investor to have proper coverage, regardless of the coverage their general contractor carries (which they should!). Our standard New Construction Insurance includes:  

• Builder’s Risk – to protect the property and your client’s investment during the construction process. 
• New Construction Liability Coverage – for injuries or damages that may occur on the property during the construction process. Please note liability coverage does not extend to general contractors or anyone hired to be on site. Contact your Sales Manager to learn more about GCGuard, REInsurePro’s customizable insurance for artisan and general contractors.  

Vacant Land 

Owning vacant land exposes your investor clients to certain liability risks, such as accidents that may occur on the property from uninvited or even invited visitors. Should the investor decide to build on the land, our monthly reporting form allows for a seamless transition to New Construction Insurance with no coverage interruption. Our standard Vacant Land Insurance includes:  

• Vacant Land Liability – for injuries or damages that may occur on the premises.  

Vacation Rentals

When renting out a property on a short-term basis, it’s essential for investors to have Vacation Rental Insurance to limit exposure to losses that can occur during a guest’s stay and in-between occupants. Our standard Vacation Rental Insurance includes:  

• Dwelling Coverage – to protect the physical structure.  
• Premises Liability Coverage – for injuries or damages that may occur on the property. 

Mobile/Manufactured Homes 

In our Program, mobile homes are defined as homes that once had wheels but do not currently and are on permanent foundation. Manufactured homes are factory built or prefabricated and prepared on site with no permanent foundation or basement. REInsurePro insures both similarly with:  

• Dwelling Coverage – to protect the physical structure.  
• Premises Liability Coverage – for injuries or damages that may occur on the property. 

Condominium Units

Whether your client rents out a unit or is renovating it, Walls-In Condo Coverage protects them and their unit against losses they may be responsible for under their Condo Association’s requirements. Standard Condo Insurance includes:  

• Dwelling Coverage – to protect the physical structure. 
• Liability Coverage – for injuries or damages that may occur on the property. 

Log Cabins

Due to their construction materials and typical remote location, log homes come with unique risks that tend to affect coverage availability and cost. REInsurePro developed CabinGuard as a solution to these challenges, offering comprehensive protection for log cabins where traditional insurance often falls short. Whether your client’s log home is actively rented out, vacant, or undergoing cosmetic renovations, CabinGuard protects your client and their property.

• Dwelling Coverage- to protect the physical structure.
• Liability Coverage- for injuries or damages that may occur on the property.

 

While these are the most common types of investment properties we work with, REInsurePro is also capable of providing coverage for more creative investment strategies such as Subject To deals, Tax Sales, Land Contracts, etc. Contact your Sales Manager for more information.