Features and Benefits of the
Real Estate Investors Portfolio Policy
I recently had a potential client ask me "besides the low rate, what other benefits does this policy give me?"
My response was as follows:
I am providing a quick list of features and benefits of this policy that my other investors seem to love.
Remember, "I work for you not the insurance company."
That is not idle talk, I really do work for you, I am not afraid to work late or weekends to provide the service you want and deserve.
One Policy (easier to control)
One Low Monthly Payment (not a bookkeeping nightmare)
One Renewal Date
One Agent (I have been licensed since 1968)
No Payment Due at Escrow, you can add additional properties without paying a full year in advance. Your next monthly bill will change by 1/12 of the annual premium.
When you remove a property from the policy, you don’t have to wait 30 days or longer for your return of unused premium because you are paying monthly. Your next monthly bill will be adjusted accordingly.
In most cases, when you need to add a property all we need to start is the address.
We can usually provide a Quote and Evidence Of Insurance within an hour.
Unlimited number of 1-6 family dwellings written on one policy
Basic, Broad or Special Form available
Tenant occupied, Vacant, or Mixed Use dwellings
Individual dwelling limit up to $1M
Premises Liability option of $1M aggregate limit 2x
$100k, $300k or $500k for homes over 35 years - if updated may qualify for higher limits
Replacement Cost available for buildings 30 years or newer
Coinsurance options 80%, 90% or 100%
Deductibles from $500 to $25,000
Business Income available
Swimming Pools, spas, and hot tubs written without liability
Vicious dogs and exotic pets written without liability
Day Care written without liability
Dwellings over 60 years of age require updates to heating, wiring, plumbing, and roof
No age limit
Out of park mobiles & condos ok
Vacant residential land can be added for liability only
One other benefit is that when this policy is issued and you cancel all of your old policies you will probably get substantial refunds from all of those policies.
It just helps you keep more money in your pocket rather than tied up in insurance premiums.
Besides the ten plus policy, I also write low cost flood insurance. Believe it or not, National Flood is not the only nor the lowest cost flood provider.
I can also provide Earthquake Insurance with rates lower than California Earthquake Authority.