Residential Property Owners Program
Today’s rising costs can have a significant impact on the investment returns of your rented Real estate. GBMB Insurance understands the rental business and has an insurance program That is specifically tailored for your needs.
- 100% REPLACEMENT COST COVERAGE
Minimum of $65-$70 per square foot is recommended in Texas to insure that your property is totally rebuilt in the event of total loss.
- LOWER DEDUCTIBLES
Unlike most carriers who require a deductible equal to 1% of dwelling value, our program has a flat $1,000 deductible for all perils. (Note: Property located in Harris County will require a wind deductible between 1-5% of dwelling value, depending on the exact location.)
- PERSONAL LIABILITY
Our program includes personal liability for both the property owner and the property manager under one policy. $1,000,000 Each Occurrence, $2,000,000 Aggregate.
- LOSS OF RENTS
Program offers optional coverage which can protect your income stream for up to six months should the property become untenantable due to a covered loss.
- ENTITY FLEXIBILITY
Properties owned by individuals, trust, partnerships, and LLC’s are all eligible for coverage in this program.
- NO CREDIT CHECKS REQUIRED
Liability Coverage Included
$100,000 Dwelling Limit- Estimated annual premium $625
$6,000 Loss of Rents Limit-Estimated annual premium $150
For more information, contact Chris Bloxsom or Lisa Bielefeld with GBMB InsuranceFree Quote