fbpx
Skip to content

Case Study: Is Your Property Under-Insured?

When was the last time you checked your homeowner’s insurance policy?

During our most recent property management onboarding, we helped an Owner discover that his rental condo was under-insured by 85% (it was insured for $12,300 instead of 20% of the condo value, or $80,000) — yikes! 

As a rule of thumb, your condo’s Dwelling Coverage should be insured at about 20-30% of its market value and your townhouse and single-family home should be insured at about 70-80% of its market value. And if you’re a rental property owner, we recommend having at least a $1 million Umbrella Insurance policy on top of your normal home & auto insurance.

If you need help determining your current home value, please let us know and we’re happy to do a free home value analysis for you. 

Lastly, if you’re interested in having your rental property professionally managed, we are currently offering 2 months free trial for new Owners.

Join the conversation

Your email address will not be published. Required fields are marked *