4 South Washington St., PO Box 900 Oxford NY 13830
800-721-1111
Do you think you pay too much for insurance?
Landlord Insurance needs vary by the type of location you are leasing or renting out. You should not instruct your agent to insure one location just like all the others because even though this may be a fast way to get a policy in your hands you may be missing out on the specific coverage that you want unique to that location. Landlords are generally classed as anyone who is collecting money for the use of space. Some insurance policies are called Landlord Policies, these are usually restricted by underwriting rules and for habitational properties only limited to four families per building. Landlords and property managers look to us for insurance for the following types of properties located in New York State:
What ever you are looking for please contact us so you may be provided with specific information to help you with this need. Please keep in mind we do not provide cookie cutter pricing. We will ask you specific questions about you, the ownership, configuration, loss history, current as well as prior insurance and size of the property. While having a declaration page from the most recent insurance policy is helpful it is not needed. The savings may be considerable. Come to us for many types of tenant occupied properties insurance.
1-4 Family homes - Are you an owner occupant of your one to four family home? Great, we have a surprise for you! There are still insurance companies that will insure your home under a homeowner policy. Call us right away to see if you qualify.
You don't occupy your rental property? No problem you will likely appreciate a custom designed policy from DRickard Insurance. You're valuation choices range from agreed to value, market value, estimated actual cash value and estimated replacement cost value. The deductibles range from $100 to $5,000. Lets we what you qualify for, give us a call at 800-721-1111.
Apartment Building Insurance - So you have apartment buildings and insurance premiums can be distressing. You've come to the right place. We will likely ask you more questions than any other insurance agency that you have ever requested a quote from. But the results may save you money. We have several insurers that we represent looking for all types of buildings to insure. In this class of habitational Insurance we can usually find coverage for buildings complexes that range from 5 rental units to .... we don't know what the upper limit is as we've not found it yet. The more units and the more locations you have the better. Do you want one policy to cover everything or a policy for each location? Do you want higher deductibles? Do you different types of coverage for each location? What do you want? Do you need help deciding? Call us lets find the answers together.
Lessor's Risk - Lessor's Risk is the type of insurance you may purchase when your tenant occupied building is occupied for commercial purposes. Even if your tenant is required to carry coverage on the building and naming you as an additional insured you will still need coverage. It is possible that your tenant my not be liable for a claim but you as the landlord will be. (We always suggest that you require in your lease that your tenant list you as additional insured landlord.) There are quite a few companies that are willing to insure these types of properties and risks.
Hard to Insure Properties - If you have had
losses or need work done at one of your properties you may find it difficult to
get insurance at all not to mention also having a fair price. More
and more if you have any commercial exposure with your habitational structure
insurers are refusing to offer coverage at favorable terms. You might well
be surprised what type of pricing we can find you. If you are undertaking
a new construction project you would be best served by purchasing a Builder's
Risk policy before construction begins, otherwise insurance we may be purchased
under a more limited coverage policy.
Student Housing - Coverage for residences that have several non related adults frequently called student housing is hard to find. The companies that write this type of insurance are very specific as to what they will accept. We will need to know how many persons are living at the location and what percent of the total occupancy is student housing for each location.
All prices, programs, features, underwriting, offers, representations and companies shown in this site are subject to change without notice. We may add or discontinue a company or program or an insurer may change underwriting criteria or product line availability without notice to us. With the insurance industry constantly changing we may not be able to keep the site up with the latest information. For the up to date info please contact us. All insurance applications are always subject to current underwriting rules, acceptance of the insurer and adequate premium paid.
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Last revised: September 23, 2008
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