VIU by HUB, a digital brokerage subsidiary of Hub International Limited, has announced the launch of landlord insurance to cover investment rental properties and secondary homes.
Landlord insurance generally protects against both property damage and liability. It also offers coverage for damage caused by fires and storms, lost rental income and personal liability, VIU said in a news release.
Consumers owning fewer than five homes can now shop for, compare quotes, and purchase a landlord insurance policy through VIU. This kind of policy covers homes that do not qualify for homeowners insurance, such as secondary homes, rental properties and vacant homes undergoing repairs, VIU said.
“About 70% of investment properties in the US are owned by individuals – this represents a huge number of people who are in need of a different insurance solution to protect their rental homes,” said Bryan Davis, executive vice president and head of VIU. “By adding a landlord policy to our roster of products, we further cement VIU’s role as a one-stop shop for all personal insurance needs for individuals and allow our partners – particularly those in the property management space – to better serve their customers.”
The VIU platform can easily be embedded within the systems of partner businesses such as property management companies, the company said.
Over the summer, VIU announced a partnership with Unison, a home equity sharing company. Earlier in the year, VIU launched a partnership with Fetch Pet Insurance.
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