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The Proctor Perspective | Agency Relations

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Looking for Residential Rental Property Insurance?

Amanda Bowers Amanda Bowers , 11/29/2016
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Proctor Financial, Inc. (PFI) offers an Investor/REO Rental Program which provides property and liability coverage for residential rental properties held by financial institutions, property investors, REITs and other real estate capital companies. The Investor/REO Rental Program is underwritten as a master policy with properties reported utilizing PFI's web-based reporting form. The result is immediate coverage, no individual property underwriting and streamlined administration.

Investor/REO Rental Program Highlights:
  • Investor/owner eligibility requirements
  • Replacement cost valuation available, coinsurance applies
  • High property limits; sub-limits for loss of rents and personal property
  • Liability coverage including personal and advertising injury, fire damage legal liability and medical expenses
  • Ordinance or law coverage
Program Parameters:
  • Limited to residential rental properties 1-4 Family dwelling (no commercial or mobile homes including apartment buildings)
  • Insured must have ownership interest in each property (or is managing the property through a written agreement transferring fiduciary responsibility)
  • No more than 20% of properties concentrated in urban areas
  • Renovation properties applicable, no new construction
  • Properties cannot be acquired by tax liens
Interested in becoming an agent with PFI? Learn more here.
Want to learn more about PFI’s insurance solutions? Learn more here.

Best regards,

Amanda Bowers
VP of Marketing
248.824.1464
[email protected]
Proctor Financial, Inc.
5225 Crooks Road,
Troy, MI 48098
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