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Real Estate Insurance

Helping to protect your commercial and residential properties like your own home.

Whether you’re the landlord of a commercial property or a residential dwelling, real estate insurance can help protect you and your tenants against damage or injuries caused by natural disasters, fires, theft or vandalism, and other risks.

What is Real Estate Insurance?

Real estate insurance, sometimes known as habitational insurance, is comprehensive coverage for owners and landlords of commercial residential properties, such as hotels, condos, apartments, multifamily housing, and other rental properties. Most policies include standard coverage for general liability, property, and environmental-impairment liability. Depending on your unique needs, more coverage can be added to assist in covering every crevice and corner.

Habitational insurance can help you protect your property, including interior property as well as equipment repairs, medical bills, and legal fees with general liability coverage. If you’re unsure which type of habitational insurance is right for you, Trucordia professionals are ready to help.

Types of Real Estate Insurance

Self-Storage Insurance

When someone stores their items, they want and expect them to be safe. But sometimes, the unexpected can happen. Whether it’s a break-in, fire, or flooding, even the most locked-down items can still be at risk. Trucordia’s habitational insurance can include self-storage insurance, which can help you and your renters in the long run if an accident or emergency does occur

Multifamily Housing Insurance

When you become the landlord or property owner of multifamily housing like apartments and condos, you’re suddenly in charge of not one tenant, but multiple, and that includes their surroundings. It’s important to not only keep their humble abode up to date with code and safety requirements, but also the community spaces like hallways, leasing offices, garages or parking lots, pools, playgrounds, sewage and the general property. Multifamily housing coverage will help you handle risks including weather-related damages, wear-and-tear and tenant-caused accidents.

Rental Properties Insurance

Sometimes referred to as landlord insurance, rental properties insurance can protect you from financial loss if you’re a landlord or property manager. This coverage can protect against loss of rental income, tenant damage, weather damage, and legal liabilities.

Why Habitational Insurance is Important

Habitational insurance is comprehensive, meaning that when the need arises, you’ll be prepared for any situation concerning your rentals. It can cover incidents such as hail damage, explosions, vandalism, fires, theft, inclement weather, pollution, equipment repairs, and more. With Trucordia’s habitational insurance offerings, you have someone on your side to help with claims for multifamily housing, self-storage, and other rental properties.

The Risks of Not Having Real Estate Insurance

What would you do if a tornado ripped through your town and caused significant damage to your properties? Or if one of your tenants had a small fire in their kitchen? Without habitational insurance, you’d likely have to pay out of pocket for repairs. With habitational insurance, you’re adding a layer of protection to your properties and safeguarding your future.

What losses are covered by real estate, or habitational, insurance?

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Loss coverage can include general liability, professional liability, property insurance, workers’ compensation, cyber liability, and more. Your coverage can protect against natural disasters, medical expenses, fire damage, vandalism, theft, and more. Trucordia professionals are ready to ensure you’re fully protected

Is real estate insurance required?

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While not legally required, many financial institutions will require real estate insurance if your property is backed by loans. Trucordia Real Estate insurance professionals can help you find the right policy tailored to your needs

Who needs a real estate insurance policy?

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Anyone who owns rental commercial or residential properties can benefit from a real estate insurance policy.

How can a landlord reduce risks with real estate insurance?

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Real estate insurance is an essential step in property ownership and management that can save you time, money, and energy if things go awry.

Helping to protect your investments with comprehensive coverage.

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