First Service Group offers a property insurance product designed specifically for Real Estate Investors. Owning multiple properties can be quite a burden when it comes to insurance. Every property is different and many can really be a challenge to insure. Let us help you make the process easier.
Our Investor coverage is based on programs that we have provided for Financial Institutions for over 50 years. In other words, we provide insurance coverage on a portfolio of properties not on an individual basis. What this means is that when you sign up for our program, we will insure all of your properties. We don’t pick and choose. We insure all within the agreed upon limits of a single Master Policy.
There are many advantages to having this type of coverage. Managing your insurance is a whole lot easier because all of your properties are on the same program. You can review your listing of coverages once a month and make adjustments such adding or deleting properties, updating values, filing claims, etc. In addition, you can pay the monthly premium for all properties on one invoice.
Also, placing new coverage is very simple. All you have to do is add the property information to your portfolio listing within 30 days of acquisition. No need to bother soliciting quotes, getting property inspections or jumping through hoops. You are covered by simply adding the property and you know what the premium will be based on the amount of coverage that you select. Removing properties is just as easy. Once your property has been sold or transferred you can remove it from your property listing. There are no premium refunds to worry about because the premiums are on a monthly basis.
Here are some features of the coverage:
- Covers a wide range of Residential and Commercial properties including Mobile and Manufactured homes
- Vacant or occupied
- All-risk coverage with limits starting at $1 M per location with higher limits available
- 30 day Automatic coverage for newly acquired properties
- Deductible options
- Endorsements for VMM and Theft
Optional Coverages:
- Flood
- General Liability coverage up to $1 M
- Builders Risk
- Vacant Land Liability
We will provide additional information, Q & A and an application upon request. Upon receipt of an application we will provide you with a no obligation proposal outlining your property insurance options. Why not see if this concept can work for you?