Match the policy to the occupancy
A long term rental, seasonal rental, vacant renovation, and owner occupied multifamily property can require different underwriting and coverage. Accurate occupancy information is essential.
Protect income as well as property
When a covered loss makes a rental uninhabitable, available loss of rents coverage may help replace rental income during the covered repair period.
Review liability across properties
Rental property liability should be coordinated with your broader insurance program, including any eligible personal or commercial umbrella coverage.