Premium is due every month until the end of the coverage period, as defined under the policy. The first premium payment, plus any applicable taxes and fees, is due within 60 days of the lease start date. It will automatically be collected through the payment feature on Zillow Rental Manager directly out of rental income you receive from the renter’s first monthly rent payment. Premiums will not be deducted from any 1-time payments, such as move-in costs or prorated rent.
If you don’t receive a rental payment from the renter within 60 days of the lease start date, the binder will expire and the policy won’t be issued.
For subsequent payments, if your renter pays rent before the 15th of the month, your premium (plus surplus lines taxes and fees) will be collected from their rent payment. Otherwise, your premium will be debited from your Stripe account on the 15th of every month.
Coverage is subject to policy terms, limitations, conditions, and exclusions. Descriptions of coverage are for informational purposes only and do not alter any insurance policy or guarantee any specific price, quote or coverage. For a complete understanding of the coverage available, please review the terms, conditions, definitions, and exclusions of your Rental Protection insurance policy.