Whether you plan to replace appliances, upgrade a bathroom, or knock down a wall in your rental unit, you must balance the costs with the potential returns. With a range of design and cost options for any renovation, the key is to make choices that will not only improve your property, but will also increase its value.

Read the blog post “Five Things to Consider When Renovating a Rental Property” before diving in to your next project.

When you are planning a renovation project, timing is important. Try to plan renovations on your property in between tenants (but prepare in advance for the vacancy and consequent loss of income). And be sure your project schedule won’t leave you with a vacancy during the winter months when re-renting is difficult!

Getting ready to renovate a rental property due to an insurable event? A businessowners policy, or BOP, may help replace the income lost when you are forced to repair or renovate your property after a fire or other insured event. Understand what coverage is available before you need it so you’re prepared before disaster strikes.

Read the blog post “Five Things to Consider When Renovating a Rental Property” fore more tips before starting your next renovation project.

Are you getting ready to renovate? You waited for one tenant to move out before planning a renovation project on that unit, but what about your other tenants? It may not be practical to wait for all four units in the building to be vacant before calling in the contractors for some much-needed updates. In most cases, updating one unit at a time is easiest and most economical. Notify tenants before the work starts about any disruptions they may face.

Read the blog post “Five Things to Consider When Renovating a Rental Property” fore more tips before starting your next renovation project.

Any time you bring outside contractors onto your property, you are assuming additional liabilities. Confirm that the contractors you hire are insured and verify their coverage before the project begins. You may also want to check with your insurance agent to confirm whether the coverage on your policy is adequate to the situation. What happens if the contractor is injured? Who is responsible for protecting your tenants from injury? Are your liabilities covered in the event a visitor to the property or a stranger walking by is injured due to your renovation project?

Read the blog post “Five Things to Consider When Renovating a Rental Property” fore more tips before starting your next renovation project.

When a large multifamily housing or commercial property construction project begins, there’s a lot to think about. Typically, throughout each stage of your new building’s life, customers need a different type of insurance. Needless to say, things can get complicated. So, we’ve developed a product to make things a bit simpler. Building Lifecycle (Builders Risk) allows them to obtain ONE policy for the entire lifecycle of their building.

Throughout each stage of a new building’s life, different types of insurance coverage are needed. With a combined policy, juggling those needs doesn’t have to be so complicated.

From ground-breaking until construction wraps, your building needs coverage. The Building Lifecycle (Builders Risk) product combines multiple policies into one, making complicated coverage simpler.

Our Building Lifecycle (Builders Risk) policy combines multiple policies into one including Business Income with Extra Expense, Equipment Breakdown and General Liability.

You know you need coverage for your property in case of a fire or severe storm damage. But what other risks do you face? Understanding your potential liabilities and what your policy covers is essential.

Read the blog post “Rental Property Business Insurance Basics” to learn more about some common risks rental property owners face.

A businessowners policy (BOP) is a great first step in getting coverage for your rental property. It combines three areas of coverage into one simpler, more economical package, including property, business interruption, and liability. But is it enough?

Read the blog post “Rental Property Business Insurance Basics” to learn more about some common risks rental property owners face.

What does a BOP cover? First and foremost, it covers the most valuable part of your business: the property you own. It can also cover business-related items stored on or near your property. And because BOPs also include business interruption and liability coverage, it’s an essential policy for most rental property owners.

Read the blog post “Rental Property Business Insurance Basics” to learn more about other common risks rental property owners face and the coverage they need to protect them.

If one of your rental units was damaged and uninhabitable for several months, your business–and your income–would be interrupted. A businessowners policy (BOP) can offer protection in the event a unit is damaged by a covered incident and provide coverage for a portion of your income while repairs are made.

Read the blog post “Rental Property Business Insurance Basics” to learn more about how a BOP can help you protect your rental property business.

What happens if a tenant, a neighbor, or visitor is injured on your rental property? How about if your tenant’s personal items were damaged due to a water leak? How would you pay for medical care and legal fees of injured parties? A businessowners policy includes liability coverage, which can offer you protection if you are held responsible for injury to others or damage to someone’s property.

Read the blog post “Rental Property Business Insurance Basics” to learn more about how a BOP can help protect your rental property business.

A businessowners policy is a valuable piece of protection for any rental property business because it includes property, business interruption, and liability protection. But your business likely faces other risks that fall outside of BOP coverage. To help mitigate them, you’ll want to consider other coverages.

Read the blog post “Rental Property Business Insurance Basics” to learn more about other common risks rental property owners face and the coverage they need to protect them.

The market value is how much you could sell your property for, while the insured value is how much it would cost to rebuild your property. Often, the market value is higher than the insurance value of a property, although with inflation climbing that trend could turn around. With record inflation, the cost of everything, including the materials you need to repair your home after a covered loss, is skyrocketing.

Talk to your agent to find out if your home is properly insured in the event you have to rebuild during these turbulent times, and read the blog post “Why Adjust Building Value for Inflation?” to learn more.

The underwriters of your property insurance use the value of your property to calculate the amount of coverage you should need and the cost of your premiums. They also use the property valuation to set policy limits based on their best estimates of what it would cost to rebuild your property if it were a total loss. Understanding the difference and how rising inflation could affect you if you need to rebuild is critical.

Read the blog post “Why Adjust Building Value for Inflation?” to learn more.

If your property is a total loss after a devastating storm, you’ll turn to your insurance for coverage. However, factoring in today’s inflation rate, it might cost you 15% to 30% more than its insured value to rebuild your rental property. That additional cost would become your out-of-pocket expense. You might also have to factor in additional lost revenue due to supply chain issues that could turn a six-month building project into a yearlong event. Are you prepared?

Read the blog post “Why Adjust Building Value for Inflation?” to understand what’s happening with skyrocketing repair costs.

Landlords have a responsibility for providing “habitable housing” for their tenants, which at its most basic means the property is free of obvious hazards, has heat and running water, is structurally sound to protect from weather conditions, is free of mold, bugs, and other health hazards, meets basic sanitary standards, and is reasonably secure. The actual definition can vary by state and be interpreted differently by courts.

Read the blog post “What Is Your Landlord Liability if a Tenant Is Injured?” to learn more about your risks and how to protect yourself.

If a personal injury results from a hazardous condition on your property, you could be held liable, even if the condition is temporary. If you’re aware of a hazardous condition but don’t resolve it timely, your risk increases. You also have a responsibility to warn tenants of an existing hazard if repairs will take time.

Read the blog post “What Is Your Landlord Liability if a Tenant Is Injured?” to learn more about your responsibilities as a landlord and the risks you face while renting out your property.

A businessowners policy, or BOP, offers liability, business interruption, and property – for less than the cost of each separately. You can also increase limits and add coverages to a BOP for a customized solution.

Though we are focused on a challenging class of business to write, our knowledge of the multifamily housing space allows us to adequately assess and prepare for that risk. We take the time to learn from property owners and managers, acquiring more insight used to develop product enhancements our customers need.

What is building ordinance and law coverage? And do you need it? Your property might be insured for replacement cost, but if new laws come into play after your original property was built, it may cost you more to repair your property to bring it up to code. Some policies exclude the increased cost of construction due to new laws or city ordinances. Check with your Millers Mutual insurance agent today to make sure you’re covered.

What are the benefits of insuring your dwelling rental property on a businessowners policy (BOP) v. a dwelling fire policy? One of the main benefits is having a $1,000,000 liability limit on your property v. a typical $300,000 limit on a dwelling fire policy. Another benefit with a BOP is providing separation between your businessowners policy and your personal homeowners policy. Should someone sue, having your business on a BOP instead of a dwelling fire provides you added protection.

As a property owner of multifamily housing or dwelling rental properties, do you know what insurance coverages are suggested for your situation? We do and we can help you to ask your agent the right questions to get what you need.

Insuring your dwelling rental property with a businessowners policy (BOP) rather than a dwelling fire policy has some benefits. We can help you understand the difference between these policies.

Do you own a building four stories or fewer? That’s right in our sweet spot!

The industry standard for writing a dwelling is 3 units or more, whereas Millers will write a 1-unit dwelling.

As a business owner, there are many things to consider when it comes to insurance. Having appropriate coverage can save the day when a loss occurs.

Coverage for parking garages and lots are not included in standard BOPs. The Millers Mutual BOP can cover your parking area for an adjusted premium.

At Millers, we can include Real Estate and Property Managers on a primary basis, as long as they are performing duties on behalf of the named insured.

If you own a rental property, you need the right insurance to protect your investment and that income. A businessowners policy can cover damage to your property due to a weather event, fire, or other covered incident, and a commercial umbrella policy provides an additional layer of protection for liability claims that exceed the limits of your general liability.

For more helpful suggestions like this, read the blog post “8 Solid Ways to Maximize Your Rental Income.”

Your client’s insurance will most likely protect their company against a minor misfortune, but it may not give them the protection they need to survive a lawsuit—especially with lawsuits occurring at an alarming frequency. Consider commercial umbrella coverage.

One small mishap can carry a major price tag. Liability claims against your rental business can quickly exceed the value of your property and the cash you have on hand. An umbrella policy can back up your basic liability policy limits, offering you additional protection when you need it most.

Read the blog post “Rental Property Business Insurance Basics” to learn more about other common risks rental property owners face and the coverage they need to protect them.

Umbrella coverage provides affordable protection against catastrophic losses by picking up where your other policies leave off.

If you are responsible for damages that exceed the limits of your primary policy, commercial umbrella coverage can cover the rest.

Commercial umbrella insurance, also known as excess liability insurance, picks up when your primary policy hits its limit.

Without Umbrella coverage, you are responsible for damages that exceed the limits of your primary policy.

Cybercriminals are on the hunt, and the personal information of your tenants is the target. You have a legal responsibility to keep this information safe, and if business files are breached, you could be facing significant fines and legal fees. Data response and cyber liability insurance can help.

Read the blog post “Rental Property Business Insurance Basics” to learn more about other common risks rental property owners face and the coverage they need to protect them.

As a landlord, you are a very attractive target for cybercriminals. These are the modern-day bank robbers who use technology to steal information. Once your information or your tenants’ is in their hands, they can sell it or use it to access bank accounts, real estate records, and more. Protecting your business is essential.

Read the blog post “Why Cybercriminals Target Landlords” to learn what’s at risk and how you can protect your business.

With only a few pieces of critical information, a cybercriminal can file paperwork that transfers property ownership to them. They can then refinance the mortgage, cash out equity, open a line of credit, and even list the house for sale!

Read the blog post “Why Cybercriminals Target Landlords” to learn more about what’s at stake when it comes to your property and the potential financial damage that can occur.

If a cybercriminal gets your tenants’ personal information, such as Social Security numbers, addresses, and more, they can use it to impersonate them by applying for loans and credit cards, racking up many thousands of dollars in debt. Thieves can also sell this data on the dark web.

Read the blog post “Why Cybercriminals Target Landlords” to learn more about what you can do to protect your tenants and yourself.

Think that you’re not a target for cybercriminals because you only have one rental property? Think again! Even renting out one unit makes you a business with access to sensitive data. You’re responsible to safeguard it, and you can be held liable if it’s stolen.

Read the blog post “Why Cybercriminals Target Landlords” to learn what you can do to protect your tenants’ valuable information.

Details of your property ownership are easily discoverable online in public records. Periodically review these records to look for changes or signs someone has tampered with a deed, changed your mailing address, or attempted fraud. Also, scan your credit reports regularly to look for unauthorized activity.

For more tips on what you can do to protect yourself and your tenants, read the blog post “Why Cybercriminals Target Landlords.”

Details of your property ownership are easily discoverable online in public records. Periodically review these records to look for changes or signs someone has tampered with a deed, changed your mailing address, or attempted fraud. Also, scan your credit reports regularly to look for unauthorized activity.

For more tips on what you can do to protect yourself and your tenants, read the blog post “Why Cybercriminals Target Landlords.”

Because you possess sensitive personal information through your rental property business, you are a target for cybercriminals. Protect your risk and take steps to avoid financial disaster for you, your tenants, and your business by securing Data Response and Cyber Liability coverage.

Read the blog post “Why Cybercriminals Target Landlords” to learn more about your risks and how to protect yourself.

The valuable information you collect from tenants can be a gold mine in the hands of cybercriminals. From Social Security numbers to address histories and so much more, criminals want the information you have.

Watch a quick video to learn what information is most at risk and get tips to minimize your risk.

If you own or manage rental properties, you have cyber risk. Regardless of the size of your rental property business, you possess personal information that can be stolen, lost, or otherwise compromised. And, while it might seem surprising, a BOP typically doesn’t protect from cyber-attacks and data breaches. At Millers, you can easily add data cyber coverage onto your BOP to eliminate this headache altogether.

When a data breach occurs, the average cost is $148 per record. It may not seem like a lot on its own, but the costs can add up. How many records do you maintain?

Large corporations often have higher cyber security budgets that allow them to be better protected and hackers know this. That could be why 58% of data breaches happen to small businesses.

Roughly 50% of small businesses have reported a data breach over the past year. Even more have reported being hit by a cyber attack.

Most businesses insure against risks like fire, liability or a burglary, however many have not purchased data response and cyber liability insurance. This can leave your business exposed to a major financial blow if your systems are breached.

Cyber security costs are a budget line item you cannot afford to skip. Make data response and cyber liability insurance part of your security plan so that in the case of breach, your risk is minimized.

More than half of the small businesses that experience a data breach close within 6 months. Without a cyber liability insurance policy to help cover the costs associated with a breach, how long would your business stay open?

The median cost of a data breach to a small business is $36,000. Without data response and cyber liability insurance in place to help mitigate that cost, can your business withstand the hit to the budget?

A cyber data breach can create many expenses: breach response, defense, regulatory fines and penalties, business interruption and more. You can’t afford to skip data response and cyber liability coverage.

Cyber liability insurance protects your business against costs associated with data breach response services, regulatory fines and penalties, website media liability and more.

If a cyber criminal attacks your business causing data loss or interruption of services, a cyber liability policy can help protect you financially.

75% of small businesses have no budget for cyber security. Having insurance isn’t a replacement for that, but it’s a critical piece of protection businesses need.

Employment Practices Liability Insurance can provide financial protection against claims of discrimination, sexual harassment, wrongful termination, and more. Yet many rental property owners don’t think their business is “big” enough to warrant such a policy.

Read the blog post “Employment Practices Liability: Why Landlords Need It” to learn more about this valuable coverage and how it may benefit you.

If one of your former employees were to sue you claiming wrongful termination, would you have the resources to hire a law firm and defend yourself? Lawsuits are expensive, and without EPLI coverage, you would have to pay every cent out of your own pocket.

Read the blog post “Employment Practices Liability: Why Landlords Need It” to learn how EPLI coverage can give you peace of mind that your business is protected.

Employment Practices Liability Insurance provides protection when your business is faced with claims such as discrimination based on age, race, gender, and other legally protected categories, sexual harassment, defamation, breach of employment contract, failure to promote, and violation of FMLA.

Want to learn more about EPLI coverage and how it can benefit your rental property business? Read our blog post “Employment Practices Liability: Why You Need It.

Have you hired a property manager or maintenance staff? If so, you might need employment practice liability insurance (EPL). Protect yourself against lawsuits for discrimination, sexual harassment, wrongful termination, or a number of other illegal employment practices.

Read the blog post “Rental Property Business Insurance Basics” to learn more about other common risks rental property owners face and the coverage they need to protect them.

No matter how careful you are, a tenant, employee, or other third party could sue you for discrimination, sexual harassment, wrongful termination, or a number of other illegal practices. Your business could face enormous legal fees to mount a defense. EPL, or employment practice liability insurance) can offer protection.

Read the blog post “Rental Property Business Insurance Basics” to learn more about other common risks rental property owners face and the coverage they need to protect them.

This coverage isn’t just for protection against employees. Our policy also provides third-party protection in the event of tenant discrimination when a current or prospective tenant sues.

When completing background checks on potential residents, follow the guidelines set forth by the Department of Housing and Urban Development to avoid a discrimination lawsuit.

In 2016, the Department of Housing and Urban Development (HUD) said refusing to rent based on a criminal record is a form of racial discrimination because of the racial imbalances in the United States justice system. Property owners and managers can protect themselves by adding third-party coverage to their Employment Practices Liability policies.

EPL Insurance can provide coverage for lawsuits filed by employees, vendors, customers, and even residents. Are you protected?

No matter how big your company or how well you manage your business, an employee, customer, or vendor can allege anything at any time. Employment Practices Liability Insurance can help cover the costs associated when someone files a charge against your business.

Avoid sexual harassment claims by implementing a zero tolerance policy and demonstrating accountability for all staff.

Employment Practices Liability (EPL) Insurance can help cover costs associated with claims made against your business of discrimination based on age, race, gender, color, national origin, religion, disability, pregnancy, and more.

Employees can sue for a number of reasons including wrongful termination, harassment, failure to promote, and retaliation. All claims must be defended, even unfounded ones, and EPL Insurance can help with those costs.

Training your employees on the types of actions that could be deemed discrimination is an important step toward avoiding a lawsuit.

Liability damages from a discrimination or harassment lawsuit can cost an employer tens of thousands of dollars. An Employment Practices Liability Insurance policy can help mitigate the risk.

When equipment stops, so does your business. No matter what type of business you run, where you’re located, or what type of equipment you depend on, your business needs equipment breakdown insurance. What could go wrong? Short Circuits. Electrical Arcing. Power Surges. Mechanical Breakdowns. Boiler Damage. It’s easy and affordable to add equipment breakdown insurance to your businessowners policy.

Your residents pay rent for a reason. They expect necessities, amenities, and when something’s awry, responsiveness. Power outages and service disruptions are part of life, but extended delays for repairs amid uncomfortable conditions will test anyone’s patience. Don’t leave your tenants in the dark. Equipment breakdown coverage helps you quickly repair, replace, and restore the building equipment that makes your property feel like home — so you can keep your reputation and rental income intact.

If something breaks down in your rental property, are you ready to foot the whole bill? Our equipment breakdown coverage is available for an add-on to our BOP and covers losses including property damage, business income, spoilage, and extra expenses caused by short circuits, electrical arcing, power surges, mechanical breakdowns, motor burnouts and boiler damage.

Keep your tenants comfortable by resolving equipment breakdown issues fast. What does equipment breakdown insurance cover? A slew of things that could leave your tenants ready to move out without a quick fix including heating and hot water equipment, electrical distribution systems, air conditioning, elevators, fire detection and security systems, emergency generators and boilers.

Equipment Breakdown Insurance: Lessons of loss and recovery …. Scale build-up resulted in a severe low-water condition, causing a boiler to rupture. Left without heat, tenants moved out or demanded rent relief. The total of loss in this situation cost $142,864.

Apartment buildings face a variety of equipment breakdown exposures and displacing tenants during a breakdown is a major concern. Proper maintenance of the low-water cutoff device on a boiler is a critical element in reducing boiler losses at apartments. Whether or not apartments have boilers, they certainly all have insurable equipment breakdown exposures. Ask your insurance agent today how you can add equipment breakdown coverage to your businessowners policy to protect your property from common equipment breakdowns.

Wondering if you should have equipment breakdown insurance on your businessowners policy for your rental property? Here’s an example of a common equipment breakdown scenario. An electric meter assembly for a 30-unit apartment building sustained electrical damage due to an internal event. This resulted in a surge that damaged the fire alarm panel and miscellaneous outlets in the building. The property damage totaled $14,500. This could have been a covered loss if equipment breakdown coverage was added to the apartment building’s insurance policy.

One inch of water can cause more than $25,000 worth of damage to a home. Flood insurance may be right for you.

Think you’re in the clear just because your building isn’t located in a high-risk flood zone? Think again. More than 20% of claims come from properties outside of high-risk flood zones.

There are two types of commercial flood insurance: Building Property, which covers the physical building and some systems inside like the AC equipment, and Personal Property, which covers the contents like rugs, furniture and fixtures.

Floods are the most common natural disaster and most standard insurance policies don’t cover flood damage.

Many believe that property insurance will cover the cost to repair or replace items damaged in a flood. However, this is generally not the case. Even if you’re not in a flood zone, you could be at risk.

A businessowners policy (BOP) can include coverage for many different risks and liabilities. One thing it doesn’t usually cover, though, is flood damage. Even if you’re not in an area prone to flooding, surprises do happen!

Commercial flood insurance covers more than just your physical building. Air conditioning equipment, furnaces, water heaters, and other building systems are generally included.

Nearly 20% of all National Flood Insurance Program claims happen in low or moderate flood risk areas.

Make sure your commercial flood policy provides coverage for personal property owned by the business, such as furniture and structures, stock, carpets and rugs, washers and dryers, and more.

We know sometimes costs can run over when rebuilding or replacing damaged property. That’s why we provide a cushion of up to 25% with our Extended Replacement Cost Endorsement.

Student housing rental properties can be a high demand, high rent, and low vacancy market segment. And you can balance the drawbacks through careful planning.

Read our blog post “Capitalize on Your Student Housing Investment” to learn more about what you can do to prepare and maintain your property so your student housing rental business can thrive.

When it comes to student housing rental properties, your tenants need clean, efficient spaces that are easy to maintain and can stand up to some careless behaviors. Installing durable materials will likely save you time and money in the future.

Read our blog post “Capitalize on Your Student Housing Investment” to learn more about what you can do to prepare and maintain your property so your student housing rental business can thrive.

Seasoned tenants know when to report maintenance issues, but students may not know or be afraid to speak up. By installing things like hard-surface flooring or commercial-grade carpeting and setting clear expectations with tenants, you can help students learn to be the tenants you want.

Read our blog post “Capitalize on Your Student Housing Investment” to learn more about what you can do to prepare and maintain your property so your student housing rental business can thrive.

An important component of getting the most out of your student housing rental property business is to practice responsive maintenance. By tending to smaller issues quickly, you can stop them from becoming bigger ones. Also, tenants will learn that maintenance is important and be more inclined to tell you if there’s an issue.

Read our blog post “Capitalize on Your Student Housing Investment” to learn more about what you can do to prepare and maintain your property so your student housing rental business can thrive.

Student housing rental properties aren’t like other rental properties, which is why there’s value in dealing with an insurance company that understands this unique market. Having the right coverage in place can protect your bottom line in numerous ways.

Read our blog post “Capitalize on Your Student Housing Investment” to learn more about insurance needs for student housing rental properties.

With traditional rental properties, there is one lease per unit. For student housing properties, having a separate lease for each roommate can offer protection if one roommate defaults on their portion of the rent payment.

Read our blog post “Capitalize on Your Student Housing Investment” to learn more ways these properties differ from traditional rentals and how you can respond accordingly.

Less than half of renters have renters insurance. Students in particular are less likely to understand the need for this coverage or have the desire to spend the money. Many falsely believe that a landlord’s insurance will cover any property losses they incur. You’re really doing students a favor by requiring renters insurance to ensure their belongings are protected.

Read more about protecting your student housing rental property on our blog post “Capitalize on Your Student Housing Investment.”

Background and credit checks on student tenants won’t necessarily provide you with the information you need as the students are young and won’t have much rental or credit history. Be sure to ask creative questions about income and ability to pay rent, and screen cosigners as you would the primary tenants.

Want to get the most out of your student housing rental property? Read our blog post “Capitalize on Your Student Housing Investment” to learn how.

Your student tenants are more likely to respect you and your property when they get to know you. Visit the property often and develop a face-to-face relationship with your tenants. Communicate concerns if something seems out of place, and remain readily available and easy to approach so tenants feel comfortable asking questions.

Learn more about minimizing risks at your property by reading our blog post “Capitalize on Your Student Housing Investment.”

Younger tenants may not know what to do if they see a fire in the building or if a storm knocks out electricity. Creating an emergency plan to share with those renting your student housing property can protect your building and help limit injuries to your tenants.

Read our blog post “Capitalize on Your Student Housing Investment” to learn more about what you can do to prepare and maintain your property so your student housing rental business can thrive.

Students are generally not experienced renters, so you can’t assume they know how to behave. Establishing clear rules within the lease, including quiet hours, when to take out the trash, snow removal responsibilities and more, can not only help set clear expectations but also make rules easier to enforce.

Read our blog post “Capitalize on Your Student Housing Investment” to learn more about what you can do to prepare and maintain your property so your student housing rental business can thrive.

Students often do not have a credit or rental history, and many are not yet financially independent. Requiring an adult cosigner (like a parent) on the lease will give you better recourse if the tenant breaches the contract.

Read our blog post “Capitalize on Your Student Housing Investment” to learn more about what you can do to prepare and maintain your property so your student housing rental business can thrive.

Student Housing is a profitable segment of the multifamily housing industry. The trick is to minimize risk when renting to college students to protect your investment. Choosing the right insurance agent and carrier with expertise in this niche will ensure your property has the right insurance so you can retire financially comfortable. Find a Millers Mutual Independent Agent today to get started.

Are you a property owner worried about the risks associated with renting to college students? There are several steps you can take to protect your investment property. Our underwriting experts at Millers Mutual will ensure you have the right coverage to protect your investment.

Student housing should be approached differently than typical rental properties when it comes to insurance. At Millers Mutual, we’ve taken the time to understand this market segment and created a product that best protects the landlord. Find out more about our student housing coverage today.

Do you own an off-campus student housing property, such as a small apartment building or dwelling? If so, we have an insurance program that provides unique coverage for this type of risk. Let us help you protect your investment so you can retire financially comfortable.

If you house students, a typical apartment building policy won’t protect you against everyday risk. There is a separate set of complex rules when students are tenants. Our student housing insurance product provides unique coverage solutions for owners of student housing properties–coverage that ensures your investments are protected.

Some people are hesitant to invest in student housing because they fear the worst: high turnover, reliability of first time renters, and increased risk of property damage to name a few. But by premeditating these potential risks, investors/landlords can protect investments while obtaining dependable cash flow. We have compiled a list of ways to minimize risks associated with student housing to help you protect your investment.

When it comes to finding insurance for a landlord who rents to students, some insurance agents might turn to an excess and surplus insurance carrier to protect the investment. But at Millers Mutual, we specialize in this niche and provide the right amount of coverage for the right cost.

Student Housing properties have frequent periods of vacancy. If your student housing property is vacant for 30 days, our Lifecycle Vacancy Endorsement, which is automatically included in the policy, will kick in and protect your investment.

At Millers Mutual, we have taken the time to understand the Student Housing Market and created a product that best protects landlords. Find out more about our student housing coverage today.

While your vacant dwelling is waiting for new renters, or simply waiting, you can rest assured it’s properly protected with vacant property coverage available through Millers Mutual.

Whether a property is empty during resident transitions or renovations, don’t leave it uninsured.

When your property is vacant due to tenant transitions or renovations, Vacant Property Coverage can help lower your risk.

Rental property owners today face many risks and exposures that are not covered in businessowners policies, which accounts for millions of dollars in uninsured claims each year. One of those coverage gaps tends to be workers’ compensation. Don’t let your multifamily housing clients be too quick to dismiss workers’ compensation insurance at your next BOP renewal. Help your client stay in business by recommending a workers’ compensation policy today.

A proactive Workers’ Compensation plan including early intervention and disability management can benefit your loss experience and help keep your costs down.

Workplace injury prevention is key, but even the most well-run enterprises can experience an accident. Workers’ Compensation can help manage that risk before and after a loss.

Control Workers’ Compensation costs by preventing injuries in the first place.

Workers’ Compensation insurance provides coverage for medical expenses, lost wages, vocational rehabilitation, and death benefits when employees are injured, disabled or made ill as a result of work duties conducted on behalf of their employer.

Getting an injured employee well and back on the job is good for everyone. Your Workers’ Compensation policy should have a program in place to assist with helping employee’s return to work.