New Commercial Policy Package for Tenant Owners

If you own rental properties in Michigan, especially single-family homes or small multi-unit dwellings, there’s a new commercial insurance package designed with you in mind. Tailored for property owners, this policy offers a smart blend of protection, flexibility, and affordability — perfect for those who want peace of mind without overpaying.
At the heart of this package is dwelling coverage, which protects the structure of your rental property from perils like fire, wind, vandalism, and more. Unlike homeowners insurance, this policy is built for non-owner-occupied buildings.
You’ll also find business income coverage which will pay for loss of rents when your property becomes uninhabitable due to a covered event. This ensures you continue receiving income while repairs are underway — a critical feature for insureds who rely on rental payments.
Liability protection is another key component. If a tenant or visitor is injured on your property, or if you’re found legally responsible for damage to neighboring buildings, this coverage helps with legal fees, settlements, and medical costs.
Other endorsements include coverage for equipment breakdown and water/sewer backup— ideal for properties that come partially furnished or include appliances.
This new package is especially valuable for Michigan property owners. It simplifies coverage, streamlines billing, and offers competitive pricing — all while ensuring you’re protected from the unique risks of rental ownership.