M.I.G. has teamed up with one of the world’s largest insurance companies to distribute a unique 10+ property insurance program for Real Estate Investors.
This a one policy, one bill program for property owners who have a large number of dwellings, 10 or more.
The property should 60 years old or newer.
If the property is older than 60 years it will be considered if the wiring, roofing, plumbing and heating have been updated.
We encourage you to submit all risks so they may be evaluated by our underwriting team for consideration. We ask the homes be in average to better condition. We define “average condition” as meaning the home should be structurally sound with no visible sagging porches or rooflines. An average home may need some cosmetic repairs such as paint, missing shutters or other items which affect the visible condition, but does not affect the integrity of the structure.
Program Features:
- Includes 1-6 family homes
- Dwellings scheduled on one policy
- Dwellings with Mixed Occupancy
- Vacant Land
- No maximum number of dwellings
- Up to $1 million per dwelling value
- Deductible options from $500 to $25,000
- No General Liability deductible
- Wind and Hail deductible of 1% per building value
Liability Limits:
- $1 million premises liability $100k, $300k or $500k also available
- Aggregate limit 2x
- $50,000 fire damage
- $5,000 medical payments
Coverages:
- Personal and Advertising Injury
- Dwelling Coverage
- Business personal property
- Business income/Loss of rent
- Inland Marine
- Crime
- Actual Cash Value
- Replacement Cost
- Co-insurance 80%, 90% or 100%
- Protective Safeguard Endorsement
Vacant and Seasonal Dwellings:
- Must be vacant less than 24 months
- Above average condition
- Theft coverage excluded
- Physical inspection required
- Heat must be maintained
Contact us today for more info on our 10+ program for Real Estate Investors.