Designed for real estate investors, our monthly reporting form is an insurance methodology that allows our clients to change occupancy status, and property values, as well as add and delete locations with no minimum earned premium. Meaning, you only pay for what you need on a month-to-month basis.

Clients receive a monthly invoice that reflects the current month’s inventory of covered locations and related coverages via their Client Service Representative. As such, it is important to review your statement each month and report any changes to us, i.e. occupancy status, coverage amount, etc. Failure to do so may affect your coverage in the event of a loss. For ease of use, you can report changes online.

Occupancy Status for Monthly Reporting

Reporting occupancy status changes to us is very important in maintaining proper coverage at all times. Most importantly, occupancy status must be accurate at the time of loss. In our Program, there are three occupancy types:

  • Occupied: Property currently occupied by a tenant or property that will be occupied by tenants within 60 days. If a property has been vacant for more than 60 days but has been reported as occupied, coverage may revert to Basic Form.
  • Renovation: Currently undergoing renovation or within 60 days after completion. For properties under renovation, claims are settled based on invested capital at the time of loss.
  • Vacant: Not undergoing renovation and not occupied. Frequently, such properties that are on the market for sale, 60 days after rehab is complete. Vacant properties must be boarded up and secured at all times. Failure to do so may affect your coverage in the event of a loss.

Learn more about our monthly reporting and Residential Investment Property Program here.