RENTAL PROPERTY

RENTAL PROPERTY COVERAGE

Helps address legal costs associated with covered liability claims or defense proceedings.

Protects against third-party bodily injury or property damage claims arising from rental property ownership.

Provides reimbursement for lost rental income when a covered loss renders the property uninhabitable.

Covers insured structural damage to buildings, attached structures, and landlord-owned fixtures resulting from covered perils.

Clarifies that tenant personal property is typically covered under a separate renters policy.

Provides coverage for mechanical and electrical system failure, including HVAC and water heaters.

Provides protection for natural catastrophe exposures not included under standard property policies.

Addresses increased rebuilding costs required to comply with updated building codes following a covered loss.

Extends liability limits above the underlying rental property policy to address large loss scenarios.

Coverage programs are structured for the following rental property categories:

Coverage structure is aligned with property configuration, tenant type, and income exposure to reduce coverage gaps.

Rental insurance programs should align with asset value, liability exposure, and income continuity objectives.