Examples of Typical Losses Rental Owners Face:

VACANT PROPERTY DAMAGE BY VANDALS

REI Resolution: Upon notification of the damage, will see to the claim being properly adjusted in a timely fashion so that the owner can receive the payout necessary to repair the home and make it rent-ready.

TENANT SLIPS AND FALLS ON FAULTY STEP

REI Resolution: Will pay initial medical damages incurred by the tenant. If bodily injury is significant and suit is threatened, coverage will offer defense and protection from potential damaging settlement that could threaten the entirety of the investor’s business.

Who benefits from this product

Real Estate Investor (REI) insurance is ideal for investors with five or more properties in their portfolio who are looking to protect their properties with a single policy.

REI allows for the addition and deletion of homes from the portfolio during the year on the inforce contract with premium (both additional and return) calculated to the day of the change.

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Coverage Highlights

Property Classes	Guidelines
Target classes	1-4 unit dwellings Condo units
Ineligible classes	Condo associations Apartments Fix/flip portfolios Restaurants / Taverns / Bars

Property Classes

Guidelines

Target classes

1-4 unit dwellings
Condo units

Ineligible classes

Condo associations

Apartments

Fix/flip portfolios
Restaurants / Taverns / Bars

Property	Liability
Special perils coverage form	Commercial General Liability coverage
Replacement cost coverage – no coinsurance	Written as a Per Property or Per Policy aggregate
Includes coverage for loss of rents and business personal property when requested	Additional coverage for losses due to pools, pets and other generally excluded perils available
Property Limits up to $2 Million, per property (actual coverage is for stated limit of each property)	Basic limits include $1 million per occurrence, $2 million general aggregate, and $5,000 med pay
Deductibles ranging from $2,500 to $25,000 (With separate deductibles for losses due to wind and hail)	Flat rated per property annual
Sub-limits available for mold and sewer backup	Will allow limited subsidized tenants
Vacant properties eligible