One of the largest property and casualty markets in the US today is owner-occupied condos, landlord and vacant condo and renters insurance.

 Why is this?

In the US alone there are 40 million renter occupied dwellings, 700,000 secondary use condos and 4.5 million primary-use condos.

  Your condo isn’t standard and so your insurance policy should be either. You need specialized coverage that will take care of things whether you are living in your condo as your primary residence or being the landlord and renting it out. We partner with a company called Foremost Insurance that specializes in landlord insurance as they know what is important to landlords. If you are renting out your condo, you should make sure your tenant has renters insurance for your property.   You want to pick a package that fits your needs. We also offer vacation rental home insurance.   Comprehensive Property Coverage We cover the most direct, sudden and accidental physical losses that aren’t specifically excluded in your policy.   Named Peril Coverage Perils are those things like fire, explosion, lightning, windstorm and hail damage.   Optional Replacement Cost You can purchase optional replacement cost coverage and get a settlement that reflects the cost to replace damaged items with new property of comparable material and quality, without any deduction for depreciation.   Agreed Loss Settlement If you home is destroyed by an insured loss, you receive the full amount of agreed upon insurance for your home (minus any applicable deductible). No hassles.   Actual Cash Value In the event of a covered loss, this covers the cost to replace or repair your damaged property with a deduction for depreciation, which reflects the age and condition of your home.   Extended Replacement Cost You can receive an additional 25% of the insured amount, to replace your home (not availbe in all states).   Liability Coverage This provides coverage if you are found legally responsible for an accident that causes injury to someone on the rental premises or causes property damage.   We also offer these additional choices to protect you if you are renting out your condo:

• Loss of Rents
• Liability Limits
• Personal Injury
• Landlord
• Structure Coverage
• Repair Costs
• Water Damage from Sewers and Drains

  Does this sound like someone you know?