Looking for Rental or Vacant Property Insurance in Northwest Arkansas?
If you own a rental property in Northwest Arkansas or a home that happens to be vacant, a traditional homeowners insurance policy will not work.
You need what’s called a “Specialty Dwelling” insurance policy.
This is because traditional homeowners insurance excludes coverage for properties that are not owner-occupied.
In other words, if you don’t live in the house, call us and let us help you with the correct coverage for your circumstance.
McNair and Associates represents several carriers who can insure your rental property or specialty use property.
Specialty Dwelling Insurance
There are multiple scenarios where specialty dwelling insurance is necessary:
Rental Properties — Specialty Dwelling insurance is the only type of policy that will work for a rental property.There are certain coverages that you need as the owner of a non-owner occupied property that are only provided by a specialty dwelling insurance policy for example, Landlord Furnishings, and Landlord Liability.
Vacant Homes — vacant homes can present all kinds of problems which is why they can be extremely difficult to insure. Most insurance companies want nothing to do with a property that is vacant. However, McNair and Associates can help you find the right solution.
Seasonal & Vacation Homes — in many cases, in order to insure a secondary, seasonal, or vacation property, most companies require that you insure your primary residence with them as well, which isn’t always possible.
Older & Lower Value Homes — if your home is older and you don’t want replacement cost coverage, many insurance companies may hesitate to cover it. Older or lower-valued properties present a number of challenges, but we have access to specialty policies specifically for these types of homes.
Credit Problems — some homeowners might have inadequate credit and don’t qualify for a “standard” homeowners policy. When this is the case, specialty dwelling insurance is the alternative.
Homes Under Construction — in some situations your renovation, addition, or reconstruction project may require a specialty dwelling type of policy.
How to get started on your quote
If you live in Northwest Arkansas and have a property that fits these parameters, give us a call and we can quote your property to see who has the best product for you.