Looking for Rental or Vacant Property Insurance in Saint Louis?
If you own a rental property in Saint Louis or a home that happens to be vacant, a traditional homeowner’s insurance policy will not work.
You need what’s called a “Specialty Dwelling” insurance policy.
This is because traditional homeowners insurance excludes coverage for properties that are not owner-occupied.
In other words, if you don’t live in the house, it’s only covered by a specialty dwelling policy.
Garcia Insurance Advisors represents several carriers who can insure your rental property or specialty use property.
Specialty Dwelling Insurance
There are multiple scenarios where specialty dwelling insurance is necessary:
Rental Properties — Specialty Dwelling insurance is the only type of policy that will work for a rental property.
There are certain coverages that you need as the owner of a non-owner occupied property that are only provided by a specialty dwelling insurance policy like for example Landlord Furnishings, and Tenant Liability.
Vacant Homes — vacant homes can present all kinds of problems which is why they can be extremely difficult to insure. Most insurance companies want nothing to do with a property that is vacant. We can help you though.
Seasonal & Vacation Homes — in many cases, in order to insure a secondary, seasonal, or vacation property, most companies require that you insure your primary residence with them as well, which isn’t always possible.
Older & Lower Value Homes — if your home is extremely old and/or the market value is considerably lower than the cost to rebuild it, many insurance companies may hesitate to cover it. Older or lower-valued properties present a number of problems, but we have access to specialty policies specifically for these types of homes.
Credit Problems — some homeowners might not have strong enough credit to qualify for a “standard” homeowner’s policy. When this is the case, specialty dwelling insurance is the alternative.
Homes Under Construction — in some situations your renovation, addition, or reconstruction project may require a specialty dwelling policy.
How to get started on your quote
If you live in Saint Louis and have a property that fits these parameters, give us a call or use the form below to get started.