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real estate investor insurance

Property Management Solutions

Our Property Management Solutions insures the landlord of residential properties for a direct physical loss arising out of an act committed by or at the direction of a covered Tenant to the Insured’s property caused by fire, explosion, smoke or water damage. 

Landlords also have the option to include Excess Damage Protection to cover losses to residential rental property caused by a tenant, or a tenant’s family member or guest, over and above damages due to normal wear and tear and, for amounts not covered or in excess of what is covered by any security deposit and/or benefits due from a Renter’s Insurance Policy (HO4).  

The Property Management Solutions can be enhanced with optional Tenant Contents designed to cover damage to personal property owned by the Tenant or a member of the Tenant’s household. Coverage is limited to a loss due to fire, lightning, explosion, smoke, vandalism & malicious mischief, theft, impact of aircraft, vehicles or falling objects.  


PROPERTY MANAGEMENT SOLUTIONS BENEFITS FOR 
OWNERS AND MANAGERS 
Provides coverage for tenant caused damages.
Reduces the need to track tenant provided insurance and the risk of lapsed coverage.
Reduces instances and expenses of legal action to attempt to collect for these damages.
Reduces losses reported on owner’s property general liability policy reducing premiums.
 Potential to significantly improve net operating income.

EXCESS DAMAGE PROTECTION BENEFITS FOR OWNERS AND MANAGERS
Provides coverage for tenant caused damages 
Can eliminate or reduce the need for security deposits
Provides a significant competitive advantage over properties requiring deposits
Increases tenant demand
Increases occupancy and retention rates
Potential to significantly improve net operating income

CLIENT BENEFITS
No maximum number of doors; 100 door minimum
Monthly billing
Low $250.00 claim deductible
Available in all states
Underwritten by A.M. Best ‘A’ rated insurer

© Copyright 2018 Innovative Risk Solutions