The coverage period for a unit under Rental Protection begins on the effective date of the lease and ends on the expiration date of the lease, unless it ends sooner, under the terms of the policy.
The coverage period ends before the expiration date of the lease once you notify the insurer that one of these scenarios has occurred:
- You’ve regained legal and physical possession of the unit
- The unit is sub-leased or assigned
- The terms of the lease are materially changed (other than by a payment plan)
- The renter has transferred to another unit
The coverage period may also end early if the policy is canceled by either the insured or the insurer. For example, the insurer may cancel the policy with 10 days' written notice for non-payment of premium.
Once a repossession event or cancellation occurs, you also have to take certain steps. See more about this process
You must file a claim to the insurer within 120 days after the coverage period ends.
Rental Protection is lease insurance for landlords offered through Zillow Insurance Services, LLC (“ZIS”), a licensed insurance producer (AZ license no. 3001395092, CO license no. 721581, and NC license no. 3001614207). ZIS will refer landlords that express an interest in Rental Protection to LeaseLock Insurance Services, Inc. (“LeaseLock”), a licensed third party agent and surplus lines broker, to consider securing for their benefit such coverage, if available. Rental Protection is sold and administered by LeaseLock on behalf of one or more insurance companies. Requested Rental Protection coverage may not be available in the admitted market in your state. Such insurance companies may not be subject to your state’s insurance regulations and protections. Rental Protection may not be protected under your state’s guaranty act with respect to any right of recovery for the obligation of an insolvent insurer. Availability of Rental Protection may be subject to surplus lines exportability in your state.
ZIS may receive a fee or commission in connection with the sale of Rental Protection, but is not appointed to act on behalf of any insurance company. Rental Protection is not available in all states. If you would like information about other insurance coverage options, you should consult another insurance producer.
Zillow, Inc. provides the technology which powers the Zillow Rental Manager platform. Zillow Inc. does not receive compensation for the advertisement or sale of Rental Protection.