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

great american insurance

steadfast insurance

fortegra 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