The owner of a tenant occupied home is struggling to keep properly insured. Insurance companies “change their rules” regarding what their insurance policy provides coverage and the result is a lack of personal umbrella policy coverage to the tenant occupied home.
Insurance companies are often times mandating that the Landlord insurance not be purchased UNLESS the customer has home and auto insurance with the same carrier; yet, the same carrier will NOT PROVIDE the basic Personal Umbrella Policy coverage to the Landlord.
Within the last few weeks, one insurance company in Northbrook, Illinois has stopped extending Personal Umbrella Policy coverage to the tenant occupied home. This change in Landlord Insurance has left MANY owners of Tenant Occupied homes WITHOUT the added Personal Umbrella Policy coverage that the NEED to keep themselves properly insured.
Insurance companies are re soundly stating that they do not want to insure the tenant occupied home.
How can Landlords obtain the Personal Umbrella Policy coverage that they need? The personal umbrella policy is readily available with low cost and NO MANDATES to change your current insurance provider. Purchase a single Umbrella policy to cover the entire family or purchase a Extended Liability Policy for just the rental homes.
Solutions are available at a low cost. For and example of those solutions, click here.
To start the process of re-establishing excess liability or a personal liability policy, click here for the online application.
We have solutions for the owner of tenant occupied homes for Personal Umbrella Insurance or the Landlord Insurance policy.
Give us a call!
678–648–1900 or click here to start the process.