Multiple Residential Rental Properties
Got 2 or more rental properties that need insurance? Protect your investment. You don’t have to be an insurance agent to get the coverage you need.
Have just 1 or 2 homes? Simply apply on the Bigfoot Insurance Underwriting Platform HERE
We offer declined homeowners insurance too!
Highlights:
Eligible risks: 1-4 family residential risks and small apartments up to 10 units
Property coverage limit: $1,000,000 per risk (higher limits are available on a case by case basis)
Available Coverages: All Risk property coverage, loss of rents, G.L and flood
12 month rental terms. No short term rentals in this program.
No property age restrictions as long as updated within last 35 years to electrical, heating, plumbing, H.V.A.C, and roof
Eligible locations: All 50 States excluding Detroit, MI; Galveston and Padre Island, Texas; and the Florida Keys
Coverages can include: Property, General Liability, Flood, and Earthquake
ONE policy issued for the entire schedule- this makes billing and renewal a breeze!
No property inspections are required
Note: Bigfoot Specialty Insurance has underwriting authority with several markets so we have plenty of capacity
Submission documents for Insurance Agents (Mark can assist if you need help!):
3 years of loss runs or letter of no loss from insured
Please send submissions to submissions@bigfootbinds.com for a 24 hour underwriting turnaround.
Frequently Asked Questions:
Q: Is there a minimum number of risks?
A: Yes, five. If you have less, just go to www.bigfootbinds.com to get started. No Maximum number of properties
Q: In what states do you write?
A: All 50 States. Excludes: Detroit Metro Area, Galveston and Padre Island TX, and Florida Keys
Q: What is the maximum number of apartment units you will consider?
A: We can accept up to 10 apartments.
Q: What if I add or remove properties? How is premium calculated?
A: Premium is calculated on a daily pro-rata basis for properties added or deleted during the policy term.
Q: Do you have financing?
A: Bigfoot can provide a premium finance solution. Email Mack@cig-llc.biz for details.
Q: Do you monthly billing?
A: Bigfoot can provide a monthly billing solution for schedules over $10,000 in annual premium.
Q: How easy is it to add/remove properties?
A: Simply email us with updates as your insured purchases new properties. Properties are added and deleted on a prorata daily basis.
Q: What carriers are in this program?
A: We have three carrier options depending on the information of the risk provided in the schedule application.