Protection obtainable to clients proudly owning fewer than 5 houses
VIU by HUB, a digital brokerage subsidiary of Hub Worldwide Restricted, has introduced the launch of landlord insurance coverage to cowl funding rental properties and secondary houses.
Landlord insurance coverage typically protects towards each property harm and legal responsibility. It additionally gives protection for harm attributable to fires and storms, misplaced rental earnings and private legal responsibility, VIU stated in a information launch.
Shoppers proudly owning fewer than 5 houses can now store for, evaluate quotes, and buy a landlord insurance coverage coverage by VIU. This type of coverage covers houses that don’t qualify for householders insurance coverage, reminiscent of secondary houses, rental properties and vacant houses present process repairs, VIU stated.
“About 70% of funding properties within the US are owned by people – this represents an enormous variety of people who find themselves in want of a unique insurance coverage answer to guard their rental houses,” stated Bryan Davis, govt vice chairman and head of VIU. “By including a landlord coverage to our roster of merchandise, we additional cement VIU’s function as a one-stop store for all private insurance coverage wants for people and permit our companions – significantly these within the property administration house – to raised serve their clients.”
The VIU platform can simply be embedded throughout the techniques of companion companies reminiscent of property administration firms, the corporate stated.
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