INFORMATION ABOUT YOUR INSURANCE POLICY
Review your policy and important coverage limitations
ABOUT THE PROGRAM
Our Rental Property Insurance program is designed for one to one hundred properties on one insurance policy with one monthly invoice
The insurance companies selected for coverage are A rated by AM Best
- Pay as you Go monthly or pay in full for the year
- One month policy term available
- Consolidate all your properties on one insurance policy
- No coinsurance penalty when you insure at least $50 sq ft per location
- Actual Cash Value or Replacement cost available
- Insure Multiple LLCs under one policy
Here is important information about the program
Any questions you have contact our office 504.348.3131 or email us contact@fmagencygroup.com
BILLING
Your billing statement will show a debit from Greenwood General Agency
TO MAKE A CLAIM
We do recommend you contact us to discuss and initiate your claim 504.348.3131 or contact@fmagencygroup.com
TO MAKE A CLAIM AFTER HOURS
https://nreig.formstack.com/forms/reportanincident
POLICY FORMS
Premises Liability Policy
american national lloyds liability insurance
Property Insurance Policy
united national property insurance
ENDORSEMENT PROCESS
When you need to add another property or get a quote to your policy just email, call or text us
IMPORTANT EXCLUSIONS WITH THE REPRO INSURANCE PROGRAM
Heat must be maintained on your property at least 55 degrees, if not, water damage from busted pipes would be excluded
If you have a vacant property and heat is not maintained shut off the water
OTHER EXCLUSIONS
Unattached other structures such as a fence unless added to the policy (if your policy does not have unattached other structures and you want this coverage email us)
Intentional damage from tenants such as vandalism
Solar panels
Fire by aluminum wiring unless you notify us so we can place you with the correct ins co
Wrongful Eviction
Invasion of Privacy
Libel (what you type)
Slander (what you say)
for a complete list of exclusions click on the policy links above to review
OCCUPANCY STATUS REPORTING
Types of Occupancy
Vacant, Occupied, Renovation, Short term rental use
If your property is vacant over 30 days you must email us so we can update the occupancy status to “Vacant” so coverage is not reduced such as vandalism and theft excluded
If you sell a property or request removal of a location before the 1st of the month you must notify us before the 1st of the month, if not your policy will renew for the next month of coverage
ROOF PAYMENT
Your policy will maintain Replacement Cost coverage on a roof up to a 15 year old roof
Once your roof is a day over 15 years old the policy will apply actual cash value which is subject to depreciation on the claim check based on the age of the roof
For example, a new roof might cost $10,000 and have a lifespan of 20 years
This would mean that it loses 5% of its value each year
If your roof is 10 years old, it has lost 50% of its value, meaning the actual cash value of your roof is now $5,000
If you have any questions about any of the information provided here call, email or text
It is best we have a review of your policy before a claim happens not after
Tim D’Angelo, FM Agency Group
Office
1810 Barataria Blvd Marrero La 70072
2637 Edenborn Metairie La 70002
Hours
Mon-Fri: 9am – 5pm
Sat: Text and Email
Sun: Text and Email
contact@fmagencygroup.com
service@fmagencygroup.com
tim@fmagencygroup.com
Phone
La: 504-348-3131
Al: 251-325-3987
Ms: 228-395-8599