• Obie Portfolio Services: Application for Insurance

  • Obie is pleased to offer Master policies/schedules to investors with portfolios of 10 or more individual policies. Please complete and submit all sections of this application and we will get started on your personalized quote.

     

    Eligible Property Types:

    1-4 unit residential rental properties needing up to $500k in total coverage, with the potential to increase up to $1 million in coverage with Underwriting approval.


    Eligible Rental Types:

    - Annual rentals 
    - Short-term rentals. These will need to supplement with a separate General Liability Policy.
    - Cosmetic renovation properties/nonstructural builders risk
    - Vacant properties 

    Important Coverage Notes:

    For guaranteed replacement cost coverage, underwriting requires Coverage A Dwelling to be at least $120/sqft for 1-4 units, Condos $80/sqft.

    If for any reason you don’t meet these requirements, Obie may still be a viable option for protecting your investments. Start a quote for individual policies on each of your properties. 

    Application Sections/ Required Information:

    • File Uploads: SOV and Loss Runs 
    • Investor Application 
    • Acknowledgement and Signature

    You may save your progress and come back at a later time.

  • Application Information

    • File Uploads 

    • SOV

    • The Schedule of Values (SOV) sheet is your go-to tool for capturing crucial property details. For submitting, you have two options:

      • Use our provided template here.
      • Submit your existing SOV and we'll extract the necessary information.

      Why do we need this? The SOV helps us accurately assess the value of your properties, ensuring your coverage meets your specific needs.

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    • Loss Runs

    • We ask that you submit loss runs for all properties owned within the last five years. This data helps us understand each property's claims history. You can request a loss run from your property’s current insurance company.


      Why do we need this? Loss runs provide insights into your property's past insurance claims, aiding in risk assessment and accurate premium calculation.

    • Note: You may submit this form without uploading your loss runs. However we will need them in order to send your quote to underwriting. If you don’t submit them here, please email them to ryan.schroeder@obieinsurance.com at your earliest convenience.

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    • Coverage Requested  
    • Portfolio Statistics 
    • Vacant Property 
    • Property Management 
    • Additional Information 
    • Renovation and Contracting Information  
    • Additional Notes 
    • Submission Acknowledgment  

    • The undersigned acknowledges that he/she has read above application and reviewed any attachments. Further the undersigned is an authorized representative of the applicant and represents that thorough inquiry has been undertaken to obtain answers to questions on this application. He/She represents that the answers are true, correct, and complete to the best of his/her knowledge

      NOTICE TO APPLICANTS: Any person who knowingly and with the intent to defraud any Insurance Company or other person files an application for insurance or statement of claim containing any materially false information, or conceals for the purpose of misleading, information concerning any fact material thereto, commits a fraudulent insurance act, which is a crime and subjects such person to criminal and civil penalties.
      Applicability of this statement may vary in some states.

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    • Once we receive all required documentation, the underwriting process typically takes 5-7 business days. We aim for a quick turnaround and often complete it sooner.


      However, if you have questions at any point in this process, please reach out to Ryan Schroeder, our Portfolio Services Manager at Ryan.Schroeder@Obieinsurance.com

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