PRODUCTS &
SERVICES
REAL ESTATE INVESTOR PROGRAM - SINGLE FAMILY (1 - 4 UNITS)
SES has designed insurance products tailored to the needs of investors that have a portfolio of residential rental properties. These properties are typically renovated and converted to long-term rentals. It is an evolving market with more than $20 billion of fresh capital being infused into the market from institutional investors and private sources of capital. The market for single-family residential rental properties has grown rapidly and is estimated to be as large as 15 million properties.
SES has a dedicated team of insurance professionals focused on real estate investors and views the real estate investor (REI) market as one that is fragmented, underserved, and misunderstood by the insurance industry. We are continually educating the insurance marketplace about the value of portfolios owned and managed by investors and are at the forefront of changing the real estate investor insurance paradigm from “high risk” to a “preferred risk.”
- SES represents the most competitive and flexible carriers in the market.
- SES is deeply immersed in the marketplace and understands the trends and needs of its clients. In turn, crafting insurance solutions based on risk tolerance, portfolio specifics, and coverage requirements.
We work with each of our partners to tailor insurance offerings that address the need for broad coverage, exceptional pricing, and meet the risk tolerance of every investor as well as lender guidelines. SES uses this expertise to enhance our programs, help in the underwriting process, and pass on the necessary knowledge to our partners so that they can stay informed. SES has also partnered with industry leading third party data providers to improve the user experience and supplement our underwriting process. Our partnerships enabled dynamic pricing, quicker turnaround times, and increased confidence through machine learning and AI augmented underwriting.
When you work with SES, not only will we create a program that is best suited to your needs, we will provide access to the Total Insurance Management System, TIMS®, our proprietary portfolio management system.
PROGRAM SUPPORTED BY A RATED CARRIERS
Coverage is provided on a master policy basis with either a monthly reporting option or an annual policy that holds a common expiration date for every property in the portfolio.
COVERAGES
REI MASTER POLICY
Whether you’re looking for a little bit of extra coverage or a modern insurance package for today’s real estate investor, we have the best solution for you. At SES, we offer different levels of coverage option packages that suit varying portfolio sizes and needs. Speak to one of us to determine which coverage option is the best fit for you and your business.
PROPERTY
- 1-4 unit long-term rental dwellings
- Build-to-Rent
- Up to $1 million per property
- Range from $2,500 to $25,000 per each location, per each occurrence
- Separate deductibles for wind/hail, named storm, EQ, flood, et
- Alternative deductible structures may be available (SIR, Loss Limit, other)
- Special form of loss (ISO based forms widely used)
- Earthquake–by request
- Flood–by request
- Named storm
- Builder’s risk for homes under minor renovation–not new construction (additional)
- Business personal property (contents can be included)
- Business income (coverage for loss of rents can be included)
- Enhanced liability and property coverage options available
- Equipment breakdown coverage options available
LIABILITY
- $2,000,000 general aggregate
- $1,000,000 per occurrence
- $100,000 any one fire
- $5,000 med pay per person
- Additional coverages/limits may be available
- Excess limits available from $1,000,000-$10,000,000
- No deductible for general liability
- ISO based commercial general liability coverage/forms
REAL ESTATE INVESTOR PROGRAM - MULTIFAMILY (5 - 50 UNITS)
The SES Master Policy for Small Multifamily Dwellings safeguards your entire residential portfolio under one policy. It is custom built to protect investors with portfolios comprised of small multifamily dwellings and long-term residential rentals.
Made for small apartment complexes, this policy offers property and liability insurance.
COVERAGES
PROPERTY
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5-50 small multi- family dwellings
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Three stories or less
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Long term leases / annual occupancy
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Coverage in most states (territorial restrictions may apply)
- Up to $10 million per property
- Range from $2,500 to $25,000 per each location, per each occurrence
- Separate deductibles for wind/hail, named storm, EQ, Flood etc.
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Building
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Loss of rents
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Ordinance & Law
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Equipment breakdown
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Water back-up
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Newly acquired or constructed buildings
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Outdoor trees, shrubs, and plants
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No coinsurance requirements (no coinsurance penalty)
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No minimum earned premium
LIABILITY
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$1,000,000 per occurrence/ $2,000,000 general aggregate
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Bodily injury property damage liability
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$100,000 Fire Damage (per occurrence)
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Medical Payments of $5,000 per person
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Personal and advertising injury
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Premises Liability
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May be available depending on the risk
- No deductibles for general liability
- ISO based commercial general liability coverage/ forms
RESIDENT PRO
TENANT LEGAL LIABILITY
Protection against tenant-caused damage
SES Insurance, the leading provider of insurance services for large real estate portfolios of all sizes, has teamed up with QBE to create ResidentPro tenant legal liability coverage (TLL). ResidentPro offers the protection all investors need against tenant-caused damages.
Damage caused by tenants can come from 12-year old Alison, the future chef, forgetting to turn the stove off to Grandpa Joe falling asleep smoking a cigarette; our data suggests these types of losses represent one of the biggest risks and expenses that landlords face today.
With ResidentPro, eliminate the false sense of security and the hassle of obtaining and tracking your resident’s renters insurance. Overcome the sleepless nights playing out possible “what if?” catastrophes like these:
- What if the tenant causes a kitchen fire?
- What if the tenant falls asleep smoking a cigarette?
- What if the tenant’s bathtub overflows while multitasking?
- What if the tenant canceled their renters insurance without notifying me?
For less than $10/month per property, ResidentPro gives the peace of mind to know you are fully protected. Base coverage includes liability protection from tenant-caused damages up to $100,000 for the following perils: Fire, Water, Smoke, Explosion
Additional Advantages
Avoid the deductible expense:
No deductible on the TLL, whereas deductibles for typical P&C policies would be $2.5K minimum.
Create additional passive fee income:
Can be cost-neutral for landlords and revenue-generating to property managers when administered as a fee or passed through to residents in their monthly rent.
Lower commercial insurance costs in the long run:
Create stability through subrogation opportunity.
The SES Difference
We believe an insurance policy is more than a “just in case” coverage. Our comprehensive services won’t just protect your portfolio—they’ll help it thrive. We provide coverage, customized solutions, and convenience that’s unparalleled in the insurance world. And we deliver a one-stop insurance experience that’s backed by innovative technology and real estate industry experts.
Mitigate risk and maximize reward today with ResidentPro from SES. You’ll get better sleep and better returns.
Call 800-955-4737 to get started.
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