1859 Mutual

In the narrative of our growth, Pike Mutual has penned a new chapter, merging with Woodville Mutual, and rebranding as 1859 Mutual. For a glimpse into the next pages of our story, you’re invited to continue the journey with us at our new website. https://1859mutual.com

Renting out a property that you own can be a great source of extra income, but it also comes with its fair share of risk. After all, landlords are generally responsible for maintenance and repairs. Insurance for rental dwellings is essential to protect your investment from sudden and accidental events. Pike Mutual is here to help.


If you plan to rent a home that you own, a standard homeowners insurance policy won’t be enough. These policies generally do not cover rentals. Instead, you need a rental dwelling, or landlord policy. These policies offer varying levels of coverage. Some only cover vandalism and theft, while others cover fire and water damage, and even the loss of rental income resulting from such damages. These policies provide liability coverage for you, but do not address tenant liability or possessions.


Each rental property is unique — and so are the people listing it. At Pike Mutual, we are proud to work with a wide group of independent agents who can help you determine the level of coverage that best fits your situation. This way, you won’t have too much or too little coverage for your rental dwelling, and can put it on the market with confidence.


As part of setting up your rental dwelling policy, it is essential that you document the property and any additional contents that may be covered under your policy (such as the stove or fridge). Safely store and back up these important records in a safety deposit box or digital storage. You should also consider requiring that your tenants purchase renter’s insurance prior to approving a lease agreement. These policies cover their belongings and personal liability for accidents, providing financial protection for all involved.

If you plan on offering one of your properties as a rental, contact Pike Mutual. We’ll help you establish the right level of coverage for your needs so you can have peace of mind.