MYND Management x SES Risk Solutions
As a result of Mynd’s superior property management practices, SES Risk Solutions and Mynd Management have partnered to design an exclusive insurance program specifically for Mynd’s investor clients. This program offers a comprehensive and competitive nationwide property and casualty insurance solution tailored to the unique needs of a residential rental property owner.
SES Risk Solutions is a market leader in the SFR space providing real-estate-based insurance solutions for over 30yrs to Financial Institutions, Investors, Property Managers, and REIT’s. SES is owned by Alliant insurance, one of the top ten insurance brokerages in the United States.
We understand what investors like you look for and need in your insurance policy.
If you would like to obtain a quote, please click here to get started. We will contact you via e-mail within 24-72 hours.
SES Risk Solutions Master Real Estate Insurance program is an industry best insurance solution designed to meet the unique needs of the real estate investment community. SES has been servicing the REI industry for over 30 years and offers a number of A rated carrier solutions. From small to large portfolios alike, SES Risk Solutions provides comprehensive and competitive coverage and technology-enabled policy administration and support to protect your investment properties.
Property and Liability Coverage Summary
Below is a summary list of coverages associated with the SES Risk Solutions insurance offering.
Property Deductible Options:
| Option 1) $2,500 AOP Deductible per Occurrence / per Location all peril |
| Option 2) $5,000 AOP Deductible per Occurrence / per Location all peril |
| Option 3) $10,000 AOP Deductible per Occurrence / per Location all peril |
Windstorm and Hail Deductibles:
| Tier 3 Locations: |
| 2.00% of the reported value per each location subject to a minimum of $5,000 per location, except |
| Tier 2 Locations: |
|
3.00% of the reported value per each location subject to a minimum of $5,000 per location with respect to properties located in the 1st tier coastal counties (parishes) of Connecticut, Delaware, Georgia, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Rhode Island, South Carolina and Virginia |
| Tier 1 Locations: Coastal Areas |
|
5.00% of the reported value per each location subject to a minimum of $5,000 per location with respect to properties located in 1st tier coastal counties (parishes) of Alabama, Louisiana, Mississippi and Texas *Tier 1 counties are those considered along coastline while Tier 2 are those one or two counties inland. |
Frequently Asked Questions
Who is SES Insurance Services?
SES is an insurance program administrator and acts as the technology provider and underwriting authority on behalf of various carriers, including Lloyds of London, Zurich, and Rockingham. SES Specializes in providing real estate insurance solutions for investors like you
Does this insurance program provide coverage for Property and Liability?
Yes, the insurance program provides both property and liability coverages. Click here for a coverage summary.
If I add a property in the middle of the policy year, do I have to pay a full year of premium?
Yes. Your policy coverage is good for 365 days from the date you add it to this program, and payment for that coverage is immediately due in full. Your coverage will renew the following year on the same month/day that you added it.
How do I pay my premium?
Mynd Management will invoice you for the insurance premium.
Can I pay my policy through Mortgagee?
Yes, when you add properties to the program, there is an option to pay through a mortgagee. To do this, please ensure the “Escrow Y/N” column within the statement of values template is updated to “Y”.
If I cancel my policy, will I get any of my premiums back?
Yes, you will receive a pro-rated check for any unearned premium. Example: Annual premium is $1,000. You cancel six months in. The return premium is $500 minus the applicable taxes and fees.
If I leave Mynd property management, can I keep my policy?
No, this policy is a master policy written under Mynd as the first-named insured. If you would like to receive a separate quote, please click here.
If my property suffers a complete loss, can I be confident that it will be re-built?
Yes, once your deductible is met, your house will be re-built to the replacement cost value stated on the policy. There is no under-insurance penalty.
Is windstorm coverage included in this policy?
Yes, Windstorm is a covered Peril. Click here for a coverage summary.
Is mold covered on this policy?
No it is not. Click here for a coverage summary
What are my deductible choices?
You have two deductible options: $2,500 or $5,000
Who should I contact for any technical insurance questions I may have?
Please contact ________@Alliant.com or 800-xxx-xxxx.
What Types of Claims Does Landlord Insurance Cover, and What Types of Claims Does it Not?
Landlord insurance is a commercial insurance policy covering damage to the building and providing liability protection if the landlord receives a lawsuit. It does NOT cover Flood or earthquakes. To protect your property from these types of natural disasters, you must buy a separate policy.
How do I submit a claim?
Click here to be taken to our claim form
Does landlord insurance cover tenant-caused damages?
The short answer is it depends. Insurers have three categories of tenant caused damages:
Accidental Damage. Things a renter accidentally does that causes a covered loss, such as breaking a window.
Intentional Damage. Insurance companies may label this as “Malicious Damage.” If a tenant intentionally puts a hole in a wall, the coverage will depend on the terms of your policy.
Wear and Tear. This is generally excluded as insurance is designed to cover sudden and unpredictable events.
How do I obtain a quote?
Click here to access our quote form.
What information do I need to provide on the Statement of Values?
Street Address, # of Units, Square Footage, Building Value, Mortgagee Information (If applicable). Our statement of values template can be found here for reference.
Within our robust reporting platform in TIMS, we offer a variety of self-service transaction reports with parameters such as date ranges, filters, and even transaction types! Need to know what properties were added or deleted within the last month? With a few simple clicks, TIMS® can generate these custom reports in just a few seconds. In addition to transaction reports, we also provide a portfolio snapshot report to quickly assess which properties are active and/or inactive in real-time. Being a direct-billed program, running account current, or aged receivable reports makes it easier than ever to ensure payments are being remitted timely.
Frequent Requests
Change mortgagee
If you would like to change your mortgagee please click here for a change request. Please be prepared to provide the mortgagee address and contact information.
Add a newly acquired property
Please click here to add a new property. You will need to provide the property address, square footage, coverage and number of units and year built.
How do I remove a property?
To remove a property, please click here. Please provide the property address and name of the owning entity.
How do I cancel my coverage?
To request a cancellation of your coverage please click here. If you are cancelling coverage because you are leaving Mynd Management and would like a quote for individual portfolio, please include your properties within the form.
Modify existing coverage amounts (Building Value, Loss of Rents)
Please click here to modify any existing coverage amounts.
How do I add an additional insured to my policy?
To add an additional insured to your policy please click here to submit your request. Please make sure to provide the name, address, and contact information for the additional insured.
File a Claim
To file a claim, please click here. One of our team members will contact you within 24 hours to review your claim.
How do I obtain a copy of my current policy?
Please click here to obtain a copy of your current policy.
Obtain Evidence of Insurance
Please click here to obtain a copy of your evidence of insurance.
Coverage comparison
One of our highly trained service representatives would be happy to provide a coverage comparison. Please click here.
Building Coverage Value Guidance
Please click here to obtain a suggested valuation on your location(s).