Obie Unveils Tenant Legal Liability Policy to Empower Real Estate Investors with Streamlined Tenant Risk Coverage

Nov 14, 2024 – Chicago, IL – Obie, a leader in modern insurance solutions for real estate investors, is proud to announce the launch of its Tenant Legal Liability (TLL) policy — a streamlined coverage option for protecting rental properties and their owners against tenant-related damage. TLL coverage seamlessly integrates into Obie’s online quoting platform at the time of new business, making adding this protection as simple as selecting a single checkbox.

Obie’s TLL policy is among the first of its kind, offering landlords an additional layer of protection independent of tenant insurance requirements. By centralizing TLL within a landlord’s existing insurance plan, Obie simplifies policy management with a single bill, reducing administrative tasks and enabling investors to protect their portfolios with minimal effort.

“Real estate investing often brings unforeseen challenges, and with the TLL policy, we’re delivering a solution that meets our customers' needs for comprehensive, easy-to-manage coverage,” said Laura Olson, Chief Insurance Officer at Obie.

To counteract these uncertainties, the TLL policy provides landlords additional coverage of up to $100,000 per occurrence, addressing scenarios where the tenant’s renters insurance may be inadequate or nonexistent. Specifically, this policy covers sudden and accidental tenant-caused damage to the property and landlord-owned furnishings. With no deductible, the TLL policy ensures that landlords face no out-of-pocket costs for covered incidents, providing a reliable, cost-effective layer of protection that integrates easily with existing Obie policies.

Discover more about Obie’s TLL policy by exploring our FAQs, or take the next step toward enhanced insurance coverage with a quick, personalized quote today.

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About Obie

Since 2017, Obie has been on a mission to simplify, streamline, and enhance landlord insurance for the 17 million real estate investors and landlords across the U.S. Our intuitive platform and custom insurance products are designed to remove the hassle, giving owners confidence that their insurance needs are in expert hands.

Backed by $39 million in funding from industry giants like Battery Ventures and Thomvest Ventures, we’re rapidly growing and continually adapting to meet the unique needs of our customers. Whether through our advanced digital tools, trusted agent network, or strategic partnerships, Obie sets a new standard in real estate investment insurance, ensuring those we serve move forward. Check it out at Obieinsurance.com.