Categories of Investment Property Insurance
|Park Insurance delivers:|
Here is how Park Insurance does it:
The REIN Ultimate Insurance Program provides excellent coverage at great rates that are not available through other programs.
How does Park Insurance do it? It is simple really. All residential investment properties are insured under a “commercial,” rather than a “residential” insurance platform.
The result is the REIN Ultimate Insurance Program. It delivers lower rates, while at the same time providing expanded insurance coverage with higher levels of protection.
All Risks Polices: When insuring any investment property, you always receive the best value when you purchase the broadest protection available, which comes in the form of an ‘All Risks’ policy.
Basically an ‘All Risks’ policy covers all forms of loss, except those perils (risks) that are specifically excluded or that are limited by a dollar amount when filing a claim.
All policies in the REIN Ultimate Insurance Program provide the ‘All Risks’ level of coverage.
The REIN Ultimate Insurance Program offers policies for the following property categories:
- REIN Investor Guard
- For rented dwellings with up to four self contained units
- REIN Strata Guard
- This coverage applies to rental condominiums and townhouses.
- REIN Prime Realty Guard
- This coverage is for apartment complexes (five or more units), mercantile buildings (retail stores, strip malls), or properties that are not covered under the Investor Guard for rented dwellings and the Strata Guard for condominium properties.