Insurance

Most insurance companies view rental properties as the ugly duckling compared to the traditional owner-occupied homeowner’s policy.

The reason is simple – the claims history is much worse for non-owner-occupied properties. Tenants by and large are not going to take care of your property as well as you would. That leads to a potential for more claims.

So, our approach is to carefully and methodically underwrite the properties we insure. That level of scrutiny has allowed us to have more insurance carrier partners for this space, and thus more options, better pricing, and coverage.

There are 2 distinct approaches on how to insure your rental dwellings. It varies based on the number of properties you own.

6 or less properties are best insured separately. Make each one a standalone entity.
More than 6 properties will allow you to combine them onto a Commercial Blanket Policy and to enjoy savings through economies of scale.

We have built a proprietary platform that streamlines the insurance process. We can provide a quote to you within 2 minutes. We have seen savings as high as 62% from prior year’s premiums!

Real life insurance savings – Some clients are saving up to 62% a year!

Judy, from Elmer, NJ went from paying $2,733 to only $1,016. 62% savings

Mike, from Port Reading, NJ went from paying $4,409 to just $2,999. 32% savings

Robert from Lyndhurst, NJ went from paying $1,925 to only $1,251. 35% savings

Request a Quote

For more info feel free to contact!

855-205-0098

For more info feel free to contact!

Requirements: business owners and landlords are required to carry liability insurance for $500,000 (or $300,000 for small multi-family rental properties that are owner-occupied) for death or bodily injury that occurs at a rental property.

A new law, signed by Governor Phil Murphy in August 2022, requires owners of all businesses and residential rental properties in New Jersey to annually provide proof of insurance to the municipality where they are located. In addition, this law increases the minimum liability limits these businesses are required to maintain.

As of November 3rd, 2022 landlords and business oweners in New Jersey will be requied to carry at least $500,000 in liability insurance for deaths or bodily injuries that may occur at their properties. For small, multifamily rental properties that are owner-occupied, the minimum liability insurance limit will be $300,000. Fines of up to $5,000 may be levied against any owner who fails to comply with this act.