When it comes to protecting your rental homes, having the right insurance is important. Obie Insurance specializes in providing personalized coverage for renters and real estate owners, making it easier for you to protect your assets. This piece will explore the features, benefits, and kinds of coverage given by Obie Insurance, as well as how to receive a price and answers to commonly asked questions.
Overview of Obie Insurance
Founded in 2017 and based in Chicago, Illinois, Obie Insurance has quickly established itself as a top digital broker dealing in owner insurance and rental property coverage. With a focus on real estate owners, Obie offers a streamlined online method that allows users to get prices and purchase policies in just minutes. Their services are offered in all 50 states and Washington, D.C., making them a flexible choice for property owners across the country.
Why Choose Obie Insurance?
- Specialization: Obie works entirely on owner and rental property insurance, which means they understand the specific risks involved with these types of properties.
- Quick Quotes: The online pricing process is meant to be fast and user-friendly. You can receive a price in as little as five minutes, allowing you to get coverage without unnecessary delays.
- Comprehensive Coverage: Obie offers a range of insurance products suited to the needs of landlords and real estate investors, ensuring that you have the security you need against different risks.
- Affordable Rates: By leveraging technology and data analysis, Obie can offer low prices on its policies, helping you save money while still getting quality coverage.
- Customer Support: While they do not handle claims directly, Obie’s customer service team is ready to help you with any questions or worries regarding your insurance.
Types of Insurance Offered by Obie
Obie Insurance offers several types of coverage especially created for landlords and real estate investors:
1. Landlord Insurance
This is the main product given by Obie. Landlord insurance typically includes:
- Property Coverage: Protects your rented property against risks such as fire, theft, water damage, and crime.
- Liability Coverage: Covers court costs if someone is hurt on your property or if you are held responsible for damages.
- Loss of Income Coverage: Compensates you for lost rental income if your home becomes unusable due to a covered event.
2. Short-Term Rental Insurance
If you rent out your property on platforms like Airbnb or Vrbo, this insurance protects you from risks related to short-term rentals, such as guest injuries or property damage caused by renters.
3. Multi-Family Home Insurance
For landlords with multi-family units (duplexes, triplexes, etc.), Obie offers specialized coverage that tackles the unique issues involved with handling multiple tenants.
4. Commercial Real Estate Insurance
Obie also provides coverage choices for commercial properties, ensuring that business owners have the safety they need against different threats.
5. Real Estate Investment Insurance
Designed for those who own multiple rental properties, this insurance covers different types of residential properties without limits on the number of held units.
How to Get an Obie Insurance Quote
Getting a price from Obie Insurance is easy and efficient:
- Visit the Website: Go to the Obie Insurance website where you can begin the quote process.
- Enter Your Information: Fill out a short form about your property type, location, and other important data. This information helps tailor your price to your unique needs.
- Receive Your Quote: Within minutes, you will receive different prices based on your input. You can compare coverage choices and price quickly.
- create Your Policy: Once you’ve chosen a price that meets your needs, you can create your policy by picking coverage limits and additional choices.
- Purchase Your Policy: After finishing your choices, you can complete the purchase online and receive quick proof of your coverage.
Frequently Asked Questions (FAQs)
What types of buildings does Obie cover?
Obie specializes in covering various types of rental properties, including single-family houses, multi-family units (duplexes, triplexes), business properties, short-term rentals (like Airbnbs), and more.
Is Obie Insurance offered in my state?
Yes! Obie Insurance works in all 50 states and Washington D.C., making it available regardless of where your rented homes are located.
How long does it take to get a quote?
The quoting process is meant to be quick; most users receive their rates within five minutes after entering their information online.
Does Obie handle claims directly?
No, while you can start claims through Obie’s website or customer service team, they do not handle claims directly. Instead, they facilitate the process with the insurance company once a claim is started.
How can I save money on my policy?
To possibly lower your insurance costs: – Maintain a clean claims history.
- Bundle multiple features under one policy if possible.
- Ensure that all safety features are up-to-date in your rental homes.
- Compare quotes regularly to ensure you’re getting cheap rates.
Can I modify my policy later?
Yes! If your needs change over time—such as acquiring new properties or changing coverage limits—you can easily modify your insurance through the Obie platform or by calling customer service.
Conclusion
Obie Insurance offers a new method to landlord insurance and rental property coverage that simplifies the process for real estate buyers. With its specialized focus on this niche market, quick online prices, complete coverage options, and reasonable pricing, Obie stands out as an excellent choice for renters looking to protect their investments. Whether you’re new to renting out homes or are an experienced investor with multiple units, consider using Obie Insurance for all your insurance needs today!