What impacts the premium?
As with a homeowner’s and landlord’s policy, the premium of a Student Rental policy can be affected by the details of the dwelling (eg. age, construction material, updates to plumbing/heating/roofing/electricity, square footage, number of bedrooms, etc.), your prior insurance and claims history, and the coverages chosen.
Just like the guideline for a landlord’s policy, a greater number of tenants and a shorter lease duration can result in higher premiums. However, it is important to speak with a broker and discuss your requirements to seek coverage that effectively covers your exposure.
How can I set up a Student Rental policy?
Our team of experts at Insurepedia can help you in setting up a policy that is best suited to your needs. Our team has experience in hard-to-place properties; we work with leading insurance companies that offer cutting-edge products adapting to the changing renters marketplace. A student rental investment can be a big decision, don’t let insurance be a roadblock in the way. Feel free to call the Insurepedia team to discuss your needs!