Renting out a high-value home narrows the insurance market twice over: once for the value and once for the occupancy. The result is a short list of carriers and a conversation rather than a quote.
High value plus non-owner-occupied is a specialist placement. It is available and it is not available everywhere.
Three things about renting out a house at this level.
Standard landlord programs have value ceilings, and high-value carriers are built around owner-occupied homes. A property that is both expensive and tenanted falls between them, which is why owners sometimes conclude it cannot be placed. It can, through specialist markets, and it is not a quote you get online.
High-value rentals are frequently let furnished, which puts the owner’s art, rugs and furnishings in a tenanted property. That is a substantial contents exposure which standard landlord policies are not written for, and it generally needs scheduling item by item.
Pools, grounds, staff and the people a tenant brings all sit on the owner’s side of the ledger. The liability limit appropriate to an ordinary rental is not the right one here, and an umbrella written to include the property is the normal structure.
A specialist placement, handled properly.
It decides which markets can even consider it.
Owner contents in a tenanted house needs scheduling.
It has to be listed, and usually is not.
Tell us the rebuild cost, whether it is furnished and what the grounds include.
We place high-value rentals in markets that will actually write them.
Request a quote