It’s not uncommon for investors to shop for insurance based on price or to take what seems like the easiest route, such as obtaining a policy through the same carrier that insures their primary residence. But investment properties carry very different risks than owner-occupied homes, and standard homeowners carriers typically don’t offer the right type of coverage.
That’s where NREIG stands apart.
Our insurance solutions are built exclusively for real estate investors. Whether you own one rental property or manage a portfolio of hundreds, the NREIG program adapts to your business model and appetite for risk.
Coverage for Any Occupancy & Seamless Transitions
From new construction to renovation, vacant, or tenant-occupied, our program was built to follow an investment property’s lifecycle. Switching occupancy status is quick and easy, no need to secure a whole new policy each time your property’s status changes. Updates can be made directly through our client portal or with help from your Client Service Advisor.
No Coinsurance, Ever
Coinsurance is a clause found in most property insurance policies that penalizes you if at the time of loss, the location was not insured to a designated percentage of its value–often 80%, 90%, or 100%. Some carriers use coinsurance as a way to make their premium costs more appealing, but the claim deductions can be financially devastating to investors.
NREIG completely eliminates coinsurance. Properties within our program are insured at a minimum of $75 per square foot for Actual Cash Value or $120 per square foot for Replacement Cost. This ensures properties are:
- Properly insured so that claims are paid out as expected.
- Protected from surprise deductions caused by unfamiliar fine print.
Learn more about coinsurance and avoiding costly penalties here.
Monthly Reporting & No Minimum-Earned Premiums
Traditional insurance policies are annual contracts. Typically, if you cancel early, say your fix-and-flip sells or renovations are completed and a tenant moves in, you’ll likely owe a minimum-earned premium to your agent/agency. That means you may be on the hook to pay for some months in which you don’t actually need coverage.
With NREIG, you’re not locked into annual policies. Our program operates on a monthly reporting schedule, so you can cancel or change your coverage at any time and only pay for the months that coverage was in effect. This aspect of our program is beneficial for all investors, whether you buy-and-hold or fix-and-flip.
Higher Liability Limits
Where many providers offer liability limits of $300K or $500K, NREIG’s limits begin at $1MM per occurrence, $2MM aggregate with higher limits available upon request. With an NREIG liability policy, defense costs are outside of those limits, meaning legal fees don’t eat into the funds available to settle a claim, a very important protection in the litigious environment of this industry.
Client-First Service
Our clients are at the heart of our program. Whether you’re new to real estate investing or managing a growing portfolio of hundreds, you can expect thoughtful, attentive service at every step.
A dedicated Sales Advisor helps identify risk exposures and build a coverage plan that aligns with your investment strategy. Once your policy is active, a Client Service Advisor becomes your main point of contact for updates, questions, or changes. And don’t worry about navigating phone menus or generic inboxes. With NREIG, you’ll always reach a real person who knows your account.
Backed By Trusted Carriers
No matter how comprehensive your policy’s coverage is, it’s only as good as your carrier’s ability to fulfill it when a loss occurs. Carrier ratings, provided by independent rating agencies, measure an insurer’s financial health and ability to pay claims–even in difficult times like widespread natural disasters or economic downturns. Every policy in the NREIG program is underwritten by carriers rated “A-” or better by AM Best.
Read more on insurance carrier ratings here and learn more about the differences between NREIG and Insurance Carriers here.
Additional NREIG Benefits
Entity-Friendly Coverage
- We know investors have different strategies for acquiring properties and structuring ownership. We insure properties held by LLCs, Trusts, IRAs, 401(k)s, and a variety of other entities and creative strategies.
Coverage for Every Property Type
- From single-family rental homes to new construction properties, NREIG covers it all. Learn more here.
Ancillary Coverages
- Add-on coverages like Flood, Earth Movement, Property Management E&O, Service Line, and our Tenant Protector Plan® help round out your protection.
Why Choose NREIG?
Real estate investments come with their own set of unique challenges, and having the right insurance can make a huge difference when the unexpected happens. Our team of experts is committed to offering tailored insurance solutions that address the needs of real estate investors. Contact NREIG today to discuss how we can customize an insurance package that works for you and your business!
