Residential Rental Property

RENTAL PROPERTY INSURANCE

From fire and flood to data breaches and liability claims, as well as valuable extras like tenant screening and renters insurance programs, our agency and A-rated partners are well positioned to provide the most efficient, robust P&C coverage for your rental property business.

Investment properties can vary greatly in many ways. Factors such as location(s), age of building(s), property features, number of dwelling units, claims history will all impact your customized coverage plan and rates. This is why RGIA agency’s initial consultation and audit phase focuses on identifying opportunities to enhance risk mitigation, address potential gaps in coverage and generate incremental revenue.

Whether you have 10 rental units, 10,000+ rental units, or your business is expanding its real estate portfolio Robert Gibb Insurance Associates agents are prepared to help protect your investments and support expansion efforts.

BENEFITS: RGIA PROGRAMS

Mitigate Risk

Unique programs that better protect you from the unexpected.

Improve Bottom Line

Grow cash flow and asset value by decreasing insurance costs.

Gain Peace of Mind

Our policies embrace complexity and deliver the peace of mind you deserve.

COVERAGES

We provide a broad range of coverage options, including but not limited to:

Businessowners Policy (BOP)

Combining the benefits of business property, business liability and business income (or business interruption) into one policy can be a key insurance solution for your rental property business.

Employment Practices Liability Insurance (EPLI)

Coverages for first- and third-party claims to provide vital financial protection, with limits up to $1 million.

Data Response & Cyber Liability Insurance

Protect your business against cyberattacks and breaches. We cover first- and third-party damages, legal defenses, business interruptions, industry fines, and more. Limits of up to $1 million are available.

Umbrella Insurance

Insulate your business with an additional layer of protection for liability claims that exceed the limits of their general liability policy. Coverage up to $10 million is available.

Building Lifecycle Coverage

One comprehensive policy that meets many risk exposures. It includes builders’ risk, inland marine, and BOP coverage for the life of the building.

Vacant Property Coverage

Provide coverage when your property is vacant due to tenant transitions or renovations. Property limits up to $5 million and general liability limits up to $1 million are available.

Workers’ Compensation

Our A-rated partners workers’ compensation coverage can help your business prevent potential loss and keep costs low.

OTHER PRODUCTS & SERVICES

Optional Coverage Enhancements

Extended replacement cost and extended coverage enhancement options provide higher policy limits and added features.

Renters Insurance

Coverage that protects your business’ assets and tenants, which can reduce your risk. Coverage includes $100,000 for both legal liability and liability for fire, smoke, and explosions. Additional available coverages include bed bug remediation, pet damage, water damage liability, loss of rent, and water-sewer backup.

Tenant Screening

Our special programs allow our rental property owner clients to run an online credit check, eviction history check, and criminal background check in minutes – without setup fees, minimums, or stress.

Fire Prevention Products

Preferred pricing on our trusted partners’ fire safety products that help reduce property risk.