- Home Insurance
- Auto Insurance
- Contents Insurance
- Vacant & Rehab
- Commercial Insurance
- Umbrella Insurance
- Life Insurance
NOEL SELEWSKI Is one of only a few agencies partnering with insurance carries offering Rental Condo policies
All properties and situations are unique, so let one of our helpful agents discuss your needs with you to quote you the most appropriate coverage at the best possible rate.
Comprehensive coverage for your vacant & occupied investment properties…
Tenant-Occupied & Vacant Property Insurance…
- Coverage highlights: Fire, Wind, Lightning, Hail, Vandalism & Premises Liability (theft is NOT Covered)
- Each carrier offers their own distinct coverage, so ask about available endorsements
- We highly recommend you require tenants carry renter’s insurance (state in your lease)
General Guidelines Regarding Landlord Protection Insurance
- Depending upon what kind of coverage you purchase, you can protect both you AND your property from many situations landlords face
- Liability insurance covers you (the landlord) in the event of injury to those on your property, but depending upon the policy you purchase
- Some policies can include expensive items such as furnace or boiler replacement
An Overview of Dwelling Property (DP) Insurance…
“Peril” refers to the specific cause of damage or loss of property covered in an insurance policy. Events such as fire, windstorm, flood or theft are common perils
When it comes to buying insurance for rentals, all policies are definitely NOT the same. Coverage can vary widely depending upon the carrier, and the options you select to be included in your policy. Kind of like ordering a new car, you determine the options you want and the company puts that package together, for a price.
When buying insurance for rentals, there are different levels of coverage available. You can go from a basic policy which covers the common perils, to policies which cover a very extensive list of perils, as well as rental monies lost from damage or loss of your property resulting in loss rental income from that property.
As mentioned earlier, you can also get policies that protect you, the landlord, in the event of wrongful eviction or other claims that landlords are sometimes subjected to when tenant/landlord disputes arise.
Talk to an experienced insurance rep to discuss your needs and concerns so you get the adequate coverage that meets your budget while providing you peace of mind.
REO (Real Estate Owned) Insurance…
- Foreclosed upon Real Estate including land, condos, townhomes and detached houses
- Minimum 1 property, no max
- One monthly bill
- Online reporting with most carriers
- Range of deductibles from $2,500 to $10,000
- Coverage in any state in the continental U.S.
- Tenant-occupied or vacant homes