Markel American Introduces Renter’s Protection Insurance

Markel American Insurance Co. launched a new renter’s protection insurance program.

The program provides tenant homeowners coverage on a broader form than the standard HO-4 renter’s policy and provides many options to increase coverage as well as the limits within the policy. It is designed to meet the needs of tenants in rental complexes and provides options not commonly available.

Program highlights include the following options:
–Flood Coverage
–Earthquake Coverage
–Multiple levels of endorsements to increase limits for items such as jewelry, electronics and tools
–Scheduled Personal Property Coverage
–The ability for properties that meet specific criteria to receive discounts

“In developing this program, we built in options that can’t be found anywhere else,” said Timberlee Tamraz Grove, president and COO of Markel American Insurance Co.

The program is currently offered nationwide through Leasing Desk, a national provider of easy-to-implement customized, risk transfer solutions for the multi-housing industry.

A subsidiary of the Markel Corp., Markel American Insurance Co. specializes in the lines of power sport products, specialty marine, preferred yacht and small boat, and specialty property.

Source: Markel American,
www.markelamerican.com