American Family Landlord Insurance Review

American Family offers business insurance throughout 19 states, including special coverage options for landlords of apartment buildings and condominiums. However, not all coverage options are available in all states, so you'll have to check with your local American Family agent to see what it can offer you. Here's what you need to know.

Coverage

American Family's landlord insurance policies include coverage for your rental buildings, plus any auxiliary structures on the property, like pools, sheds, and garages. If one of these buildings should be damaged, American Family will also reimburse you for lost income while it's being repaired. You can also purchase an umbrella policy if you feel you need additional coverage or a flood insurance policy if you live in a flood zone.

Your landlord insurance policy also includes liability and medical expense coverage to protect you in case someone gets injured on your property and tries to sue you. If you have employees, you can also purchase policies that protect them from being held liable for accidents or injuries on your property. There's also employee dishonesty protection to protect your business from damages caused by unscrupulous employees.

You can customize your policy with optional protections, like sewer backup or sump pump overflow coverage so you don't have to pay for these costs out of your own pocket. If you're not sure what coverages your business needs, you can reach out to a local American Family agent who can give you advice.

Quote Process

Unfortunately, you cannot purchase an American Family business insurance policy online. You must reach out to a local American Family agent who can assist you in selecting the right coverage for your needs. You can either look up the nearest agent to you using the Agent Finder tool on the company's website or fill out the contact form and wait for the nearest agent to contact you. He or she will gather some information from you about your business and make recommendations about which types of coverage you should purchase. You can play around with the coverage options until you find a policy that offers you the protection you need at a price that's within your budget.

Claims

You can file an American Family landlord insurance claim by contacting the company by phone, reaching out to your local American Family agent or filling out the claims form online. Then, an American Family agent will get in touch with you and someone will come out to assess the damages. American Family doesn't publish any information on how long it takes to process a claim, but you can view your claim status online so you can stay updated on its progress.

Resources

American Family's website has a number of informational articles to help you learn the ins and outs of insurance, but its most valuable resource for landlords is the Landlord Toolbox. This comprehensive guide takes you through all of the important things you need to know about being a landlord, including how to market your properties to tenants, how to best maintain your properties and laws that apply to rental properties. Not everyone will need this information, but it provides a useful crash course to those who are just starting out as a landlord.

Bottom line

American Family offers comprehensive business insurance policies that protect you and your rental properties. It's worth considering if you live in one of the 19 states the company currently services, but if not, you'll have to look elsewhere. It'll take some time to get a quote and purchase a policy, but getting advice from an experienced American Family agent who can help you select the right level of coverage may be worth the short phone call.