Orion180 Launches DP Landlord Insurance for Rental Properties

Orion180 Insurance has introduced a new Dwelling Protection (DP) Landlord Insurance product, designed to offer greater customization and control for rental property owners. As the U.S. rental property market grows, landlords face increasing financial risks, such as property damage and rental income loss. This product launch aligns with forecasts that the global landlord insurance market will exceed $40 billion by 2032, fueled by rising demand and property values.

The DP Landlord Insurance provides flexible coverage options, allowing landlords to adjust deductibles and select specific perils like wind and theft. It offers different levels of roof coverage, including Actual Cash Value and Replacement Cost Value, enabling property owners to manage risks and costs effectively. Ken Gregg, CEO of Orion180, highlighted the importance of adaptable insurance solutions, stating that DP Landlord allows owners to protect their investment with confidence.

The product is tailored for tenant-occupied properties, featuring coverage that surpasses typical homeowners insurance. It includes dwelling protection up to $2 million for homes built since 1900, coverage for other structures, and fair rental value protection. Available in several states, including California and Texas, the insurance caters to single-family homes and various ownership structures like LLCs. Orion180 continues to deliver comprehensive solutions with efficient claims processing and offers a Companion Policy Discount for bundled policies.