Paul Locke Landlord AgentIn 2004, my tenant burned my home!  My insurance agent never called me or assisted in the claims process.

In 2005, I started an insurance agency working primarily with tenant occupied homes, tenants, and contractors working on those homes.

What makes My Agency the right choice for your needs:

  • The agency owner understands your business! Paul Locke grew up working in the property management business and his father, Robert Locke, sold his property management business and now trains property managers.
  • 12+ years in the Landlord insurance business and has owned several rental homes.
  • Representing the convenience and pricing of our flagship product underwritten by "Certain Underwriters Lloyd's London" but also representing 15+ other Landlord and Renters Insurance solutions.
  • Dedicated Landlord specific client services
    • Property ownership in any form as NAMED INSURED- trust, 401k, LLC, corporation, individuals, estate, probate or bank owned, and more.
    • Property Managers are additionally insured at no additional cost.
    • We assist in monthly billing, yearly billing,  Mortgagee billing, or Property Manager Owner billing.
    • Provide digital coverage documents for your property owner's insurance needs
    • CLAIMS assistance from an agency owner that understands the concerns and needs of the home owner, Real Estate Investor and Property Manager.
    • No surcharges for No Prior coverage or lapse in coverage

Our Flagship product underwritten by "Certain Underwriters Lloyd's London" provides a Landlord Property Insurance policy with some of the following features:

  • $2,500.00 deductible
  • $2,500 or 2% deductible (which ever is greater) for wind and hail claims. (Coastal coverage available)
  • Coverage includes 10% of the Dwelling coverage for "detached" other buildings at the address.
  • The coverage is SPECIAL coverage providing coverage for water losses.
  • No coverage for- Sewer backup, or Mold.
  • Loss Assessment coverage of $10,000.00 is included.
  • Add Sewer Back-up  coverage for an additional $75.00 per location.
  • The policy provides REPLACEMENT cost coverage as long as the home was insured for more than 80% of the property's replacement cost.   Homes insured LESS than the 80% of its replacement value claims are handled as Actual Cash Value coverage
  • There are NO property inspections
  • Vacancy is NOT a problem
  • Renovating the home is not a problem as long as the home remains lockable and no structural changes.
  • No surcharges for lapses of coverage
  • Loss of Rents is an optional policy coverage.
  • Property ownership in any form as NAMED INSURED- trust, 401k, LLC, corporation, individuals, estate, probate or bank owned, and more.
  • Property Managers are additionally insured at no additional cost.
  • We assist in monthly billing, yearly billing,  Mortgagee billing, or Property Manager Owner billing.
  • Provide digital coverage documents for your property owner's insurance needs
  • CLAIMS assistance from an agency owner that understands the concerns and needs of the home owner, Real Estate Investor and Property Manager.
  • No surcharges for No Prior coverage or lapse in coverage

Pricing is based in many cases on the following formula:

  • Dwelling coverage is .38% for tenant occupied homes.  Example: 100,000 in coverage is $380.00 a year (Dwelling coverage is .65% for vacant homes.)
  • Liability of 1,000,000/2,000,000 is $80.00
  • Loss of rents is .10% of the rental income insured
  • This is a surplus policy and has a policy fee of $40.00 and a Tax of 4%
  • A 100,000 home would have a yearly policy price of approximately $500.00
  • The same home as a vacant home is approximately $771.00 yearly.

Ask Paul Locke how!  Call me: 912-225-6000 or e-mail at: landlord@goaib.com

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