Rental Property Coverage for Landlords – ErieSecure

If you're a landlord, an ErieSecure Rental Policy* from Erie Insurance offers coverage to help protect your rental properties. The coverage is similar to homeowners insurance, but it's tailored to meet your needs.

The coverage provides:

• Guaranteed replacement cost** loss settlement for the dwelling. (With guaranteed replacement cost, the property will be covered in full if it's damaged or destroyed.)
• Replacement cost loss settlement for personal property. (Replacement cost is today's cost to replace the personal property with materials of like kind and quality.)
• Comprehensive coverage for the dwelling, other structures and personal property. (This provides protection against losses such as fires, lightning, windstorms or hail.)
• Premises liability protection for personal injury, bodily injury, property damage and medical payments.

Other Optional Coverages to Consider

You can expand your protection beyond the standard Rental Property Coverage with the Rental Policy Plus endorsement. This optional coverage lets you increase your policy limits even more for things like:

• Trees, shrubs, plants and lawns
• Debris removal
• Siding and/or roofing restoration coverage
• Fair rental value (If your tenant has to move out because of a fire or other loss, ERIE pays you for the lost rental income.)
• Payment for an automatic garage door opener
• Lock replacement after a loss
• Loss assessment (If a housing association charges an assessment to members, coverage is available.)
• Ordinance or law coverage
• Identity Recovery Coverage, including identity theft management service, expense reimbursement and fraud coverage.
  

And, Erie Insurance will waive the policy deductible for any loss from a covered peril, such as a fire, exceeding $50,000.

Additional Coverages to Consider

Some other options to add to your policy to protect your property:

• Earthquake coverage
• Sewer or drain backup coverage
• Sinkhole coverage
• Mine subsidence coverage (not available in all states)

Your local ERIE Agent can help you choose the policy and coverage that's right for you. Contact an Agent today to get started.

*ErieSecure^SM is available in Illinois, Ohio and Virginia. See individual policies for specific coverage details. Certain terms and limitations may apply.

**Guaranteed Replacement Cost may not always apply, including when home improvements over $5,000 are not reported to us within 90 days, a Functional Replacement Cost Loss Settlement endorsement is added, and under certain other conditions and circumstances.

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