Rental Policy Insurance
Stevens Realty Landlord Insurance Partner
Obie stands out in the industry for its cutting-edge technology, offering the fastest policy quote and binding process. With their innovative approach, the need for cumbersome forms and prolonged wait times becomes a thing of the past. This collaboration ensures that our clients experience a seamless and expedited insurance process, allowing them to focus more on their real estate investments and less on administrative hassles.
At Stevens Realty, we are dedicated to delivering unparalleled service and value to our clients. Partnering with Obie aligns perfectly with our mission, and we look forward to the positive impact this collaboration will have on the real estate investment experience for our clients. Obie is the only company capable of providing instantly bindable quotes for residential real estate investment properties, that are 1-4 units, along with being one of the most transparent insurance companies in the market.
Eligible Property Types
• Single-Family Rentals
• Duplexes
• Condo
• Townhomes
Guidance On Common Home Features
The following common home features are less likely to be eligible for coverage:
• Roofs over 25 years old or made from wood materials
• Pools, trampolines, and swing sets that are not fenced in
• Accessory dwelling units
• Occupied by dog breeds labeled as “dangerous,” including, but not limited to: Akitas, Chow Chows, Doberman Pinschers, German Shepherds, Pit Bulls, Rottweilers, Siberian Huskies, or any mix of the above
• Knob and tube or aluminum wiring
Important Coverage Limitations
• Replacement cost coverage is available up to 40% above Obie’s estimated replacement cost.*
• Personal property coverage starts at $100,000 and cannot exceed $25,000. Not available in all states or all products.
• Dwelling coverage cannot exceed $1 million. Some exceptions may be available based on the state where the property is located.
• All policies are paid annually; monthly payment options are not available.
*Not available in all states
Disclaimer: The guidelines above offer an overview of eligibility for instant quotes through the Obie system and are not exhaustive criteria for inclusion. Obie may still be able to service customers whose properties do not fit perfectly into these guidelines but may require additional information before quoting.
FAQs
Why Do I Need Landlord Insurance?
Landlord insurance protects you and your property from damage, such as a fire or hail, similar to the homeowners insurance policy you’re familiar with. However, landlord insurance is necessary when you don’t live at your rental property. Your homeowners policy may not protect you from damages that occur at your property while it’s being rented out. In addition, your homeowners insurance will not cover your loss of rent in the event that your property becomes uninhabitable for short periods of time.
Read more on this topic : https://stevensrentals.com/blog/9-reasons-why-you-need-landlord-insurance-in-2024/
What Does Landlord Insurance Protect?
Landlord insurance is usually broken down into two parts—property coverage and liability coverage. Property coverage protects the physical structure of the home. This would include your walls, roof, flooring, and other physical features of the property. Liability coverage protects you against claims resulting from bodily injury or other accidents that may occur on the property, or other claims made against you as a homeowner.
*Review your policy documents to confirm your coverage and limits or call 931-526-5188 Stevens Realty hotline for assistance.
Read more on this topic: https://stevensrentals.com/blog/what-does-landlord-insurance-cover-a-quick-guide-for-investors/
What is The Difference Between a Homeowners and a Landlord Insurance Policy?
Is Landlord Insurance More Expensive Than a Homeowners Insurance Policy?
Does The Mortgage Company Require Me To Have Insurance?
Why should I Buy Insurance?
How Long Does It Take To Complete The Process?
In under five minutes, you can answer a few questions about your property, get a binding quote, and complete the purchase of your insurance policy.
How Often Do I Need To Update My Coverage?
You should review your policy every year before your renewal date and update accordingly. If you need assistance, call Stevens Realty or email us at customerservice@stevensrentals.com
