Insurance for Property Investors
National Real Estate Insurance Group (NREIG) leads the industry in protecting real estate investors. We understand one size does not fit all. We work to understand your unique situation and deliver custom coverage options just for you – whether you have one property or hundreds.
Residential Investment Property Program
The largest program in the country for real estate investment properties from single family homes up to 20 unit multifamily locations, including condos, mobile homes and vacation rentals. Whether tenant-occupied, vacant or under renovation, our month-to-month program simplifies your property portfolio of any size onto one schedule and bill. The program features flexible options for included coverage, plus you can customize your insurance package with a suite of optional standalone ancillary products.
- Basic and Special form coverage options
- Replacement Cost coverage when insuring at or above $70 per square foot
- No co-insurance penalty when insuring at or above $50 per square foot
- Liability limits start at $1 mil per occurrence/$2 mil annual aggregate
Regardless of your portfolio size or ownership entities, simplify your insurance experience by placing your properties on one monthly report. Our renowned Program accommodates residential investment properties in any stage of occupancy with the ease and flexibility you can’t find anywhere else. Our Program can accommodate for the following types of investment properties…
Rental Property Insurance for Landlords
When renting a property to someone else, dwelling coverage can protect your property against direct physical damage to the property, such as:
- Fire
- Lightning
- Windstorm and Hail
- Vandalism
- Theft
- Named Windstorm and more
Premises Liability coverage is critical in protecting you, the investor, from claims that happen at your investment property. Examples may include:
- If someone were to slip and fall on your property
- If one of your tenant’s dogs were to bite someone on your property
- If your tenant suffers medical issues due to a carbon monoxide leak
- Coverage extends to pools and spas, provided they meet code
- Medical expenses are included
Our liability insurance options start as low as $7 per month, per property and come with $1,000,000 per occurrence and $2,000,000 aggregate limits of liability.
Renovation Property Insurance for Rehab Projects
When renovating a property, dwelling coverage can protect your property against direct physical damage to the property, such as:
- Fire
- Lightning
- Sprinkler Leakage
- Windstorm and Hail
- Vandalism
- Theft
- Named Windstorm and more
Premises Liability coverage is critical in protecting you, the investor, from claims that happen at your investment property. Our liability insurance options start as low as $7 per month, per property and come with a minimum of $1,000,000 per occurrence and $2,000,000 aggregate limits of liability. This coverage does not extend to general contractors or workers that you hire. Ask your agent if you would like to add General Contractors Liability or Products & Completed Ops.
Vacant Property Insurance
Vacant property insurance is a must-have when you have a property that is listed for sale or in-between tenants. When insuring a vacant property, dwelling coverage can protect your property against direct physical damage to the property, such as:
- Fire
- Lightning
- Windstorm and Hail
- Vandalism
- Named Windstorm and more
Vacation Rental / Short-Term Rental Insurance
Vacation Rental insurance is needed when renting out your property on a short-term basis. It can limit your exposure to losses that can happen at the property during their stay and in-between guests. If you have a vacation rental, dwelling coverage can protect your property against direct physical damage to the property, such as:
- Fire
- Windstorm and Hail
- Vandalism
- Named Windstorm
- Contents coverage for your furnishings and more
Ground-Up Construction Insurance
When building a new construction property, it is important that you, the owner, have appropriate insurance coverage for the project, regardless of the General Contractors’ coverage.
When building a new property, Builder’s Risk coverage can protect your property against direct physical damage to the property, such as:
- Fire
- Lightning
- Windstorm and Hail
- Riot or Civil Commotion
- Vandalism and more
Liability coverage is needed to protect you, the owner, from claims that happen during the construction process. As soon as you break ground, your liability exposure changes and it is critical that you transition to a New Construction liability policy. Liability claims examples may include:
- Accidental injury on the premises
- Wrongful death
- Medical expenses if someone is injured on the property
- Defense costs
Liability coverage does not extend to general contractors or anyone hired to be on site. Ask your agent if you would like to learn more about General Contractors Liability or Products & Completed Ops policies.
Vacant Land Insurance
If you own vacant land, incidents that occur on the property can leave you exposed to liability risks. Liability coverage is needed to help protect your real estate investment from third party claims. Just one slip and fall on your land could cost you thousands of dollars in potential liability clams. Examples of vacant land liability coverage may include:
- Bodily injury to a third party that happens on your vacant land
- Medical expenses if someone is injured on the property
- Defense costs if someone is injured on your vacant land
The following options are available for dedicated per property limits:
- $1,000,000 per occurrence/$2,000,000 annual aggregate
- $1,000,000 per occurrence/$5,000,000 annual aggregate
- $2,000,000 per occurrence/$5,000,000 annual aggregate
Liability Insurance
Liability insurance can protect your investment from third party claims that occur at your property. Even if you decide to self-insure your property exposure, you should never go without liability coverage. Examples include:
- Accidental injury on the premises
- Wrongful death
- Medical expenses if someone is injured on the property
- Defense costs if someone is injured on your property
The following options are available for dedicated per property limits:
- $1,000,000 per occurrence/$2,000,000 annual aggregate
- $1,000,000 per occurrence/$5,000,000 annual aggregate
- $2,000,000 per occurrence/$5,000,000 annual aggregate
The following coverages are excluded from your liability policy but may be purchased separately:
- Products and Completed Operations
- Faulty Construction
- Workers Compensation
- Errors and Omissions Insurance (E&O)
Other Property and Specialty Insurance Programs
Customize your insurance package in our Residential Investment Property program or purchase these ancillary products as standalone coverage, available on our monthly reporting form:
- Flood Insurance: For damage by rising water from external sources
- Earth Movement: Coverage for earthquake shock and sinkhole losses
- Tenant Protector Plan: Coverage for tenant-caused negligent losses
- Terrorism And Political Violence: Coverage for damage caused by terrorist acts
- Cyber Liability: Coverage in case of data breach or ransomware (annual policy only)
- Landlord Rent Default: Minimize exposure from unexpected vacancies (annual policy only)
- Self-Storage Facilities: Property and liability insurance for self-storage facilities (annual policy only)
Why NREIG is Different
Hopefully, you’ve never encountered a property disaster or accident that threatened your investments, but the risk is real. Protect yourself and your investments with the right coverage, customized for your unique situation by a team of pros who understand the special needs of investors (because we’re investors too). Here are some differentiators that apply to all NREIG products:
- Coverage for vacant, renovation, or occupied properties
- Pay-as-you-go monthly with no minimum earned premiums or long term commitments
- No co-insurance requirement when insuring at $50 per sq. ft.
- Include occupied, vacant, and renovation properties on one schedule
- Coverage available in all 50 states
- Tailored coverage options to fit your specific property investment strategy
- Insure multiple LLCs, Trusts, IRAs and corporations under one schedule
- Coverages underwritten by AM Best “A” or better rated insurers
Contact National Real Estate Insurance Group
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Since 1999, National Real Estate Insurance Group (NREIG) has been providing custom insurance products for real estate investors. Our clients range from individual property investors to large-scale investors, turnkey operators, lenders, property managers, landlords and rehabbers. We service over 16,000 clients with 85,000 locations across all 50 states. We can provide solutions for nearly every type of investment property – and it’s all we do.
National Real Estate Insurance Group was formed when two insurance agencies – one focusing on landlords and one focusing on rehabbers – came together to service the real estate industry. We have grown with the industry and offer coverage for single-family to mixed-use commercial properties. Our primary goal is to do right by our clients and be the one-stop shop for all of your investment insurance needs.
Associations
- American Association of Private Lenders
Office Locations
Our Team
Thomas (TJ) Morris
Sales Manager
Shawn Woedl
Senior Vice President
Contact National Real Estate Insurance Group
Stay Informed About Private Lending
Contact National Real Estate Insurance Group
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