If you own a home or rental property, you know insurance is a must. But not all policies cover every property type. Obie Insurance specializes in protecting a wide range of properties, from single-family homes to vacation rentals. In this guide, we’ll break down exactly what Obie covers, using simple language, 2025 data, and expert insights.
Why Property Insurance Matters
Property insurance shields you from financial loss if your home is damaged by fires, storms, theft, or accidents. According to the National Association of Insurance Commissioners (NAIC), 85% of homeowners had insurance in 2024, but many were underinsured. Obie Insurance simplifies this by offering tailored plans for different property types.
1. Single-Family Homes
Single-family homes are standalone houses built for one family. They’re the most common property type in the U.S., making up 67% of housing units (IRS, 2025).
What Obie Covers:
- Structural damage (roof, walls, foundation).
- Personal belongings (furniture, electronics).
- Liability (if someone gets hurt on your property).
Why It’s Important:
In 2025, the average cost to rebuild a home after a fire was $185,000 (NAIC, 2025). Without proper coverage, this could wipe out savings.
“We design policies for modern homeowners. Whether you’re in a wildfire zone or a floodplain, Obie has you covered.”
— Sarah Lin, Obie Insurance Risk Analyst
2. Condos and Townhouses
Condos and townhouses share walls with neighbors, which affects insurance needs.
Obie offers HO-6 policies, covering:
- Your unit’s interior (walls, floors).
- Upgrades (custom cabinets, new appliances).
- Personal liability.
Key Stat:
In 2025, 12% of U.S. housing units were condos (IRS, 2025).
| Coverage Type | What’s Included | Source |
|---|---|---|
| Structural Improvements | Built-in appliances, flooring | Obie Insurance, 2025 |
| Liability | Medical bills for injured guests | NAIC, 2025 |
3. Multi-Family Homes (2–4 Units)
Multi-family homes include duplexes, triplexes, and quadplexes. Obie covers both owner-occupied and rental units.
Example:
If you live in one unit and rent the others, Obie protects:
- The building’s structure.
- Lost rental income if repairs are needed.
- Tenant-caused damage (like broken windows).
2025 Trend:
Rental property demand rose by 18% in 2024–2025, per U.S. Census Data.
4. Vacation Homes and Short-Term Rentals
Vacation homes and Airbnb properties face unique risks, like guest injuries or seasonal vacancies.
Obie’s policies include:
- Damage from renters (stolen items, broken furniture).
- Liability for guest accidents.
- Coverage during off-seasons.
“Short-term rentals need specialized insurance. Standard policies often exclude commercial activities.”
— Mark Thompson, Insurance Information Institute
5. Fix-and-Flip Properties
Fix-and-flip investors renovate homes to sell for profit.
Obie covers:
- Construction materials.
- Vandalism or theft at the worksite.
- Tools and equipment.
2025 Data:
The average flip earned a $65,000 profit in 2024 (IRS, 2025).
| Risk | Obie’s Solution | Source |
|---|---|---|
| Theft of Copper Pipes | Full replacement cost | 2025 Industry Report |
| Storm Damage | Fast claims processing | Obie Insurance, 2025 |
6. Manufactured/Mobile Homes
Manufactured homes are built in factories and moved to sites.
Obie covers:
- Wind or hail damage (common for mobile homes).
- Skirting and anchoring systems.
- Personal property inside the home.
Did You Know?
7.5 million Americans live in mobile homes (NAIC, 2025).
Comparison Table: Types of Properties and Key Coverage Features
Below is a table that shows the main property types Obie Insurance covers along with their key features. Data is based on recent 2025 industry reports and NAIC insights.
| Property Type | Description | Key Coverage Features | Source |
|---|---|---|---|
| Single-Family Home | One house rented to one family | Property damage, liability, loss of rental income | (NAIC Report 2024) |
| Multi-Family Units | Duplex, triplex, or fourplex with 2-4 units | Damage protection per unit, loss of income coverage | (NAIC 2025 data) |
| Condos & Townhomes | Units with shared common areas | Special coverage for shared walls and common spaces, liability | (Industry Report 2025) |
| Apartment Buildings | Buildings with 5 or more units | Structural coverage, comprehensive liability, income loss cover | (NAIC 2025 data) |
| Short-Term Rentals | Properties listed on Airbnb/VRBO | Coverage tailored for higher turnover, loss of income protection | (Recent Review 2025) |
| Renovation / Fix & Flip | Homes under renovation or purchased to flip | Protection during construction, coverage for unexpected damages | (Industry Overview) |
| Vacant Properties | Unoccupied homes awaiting rental | Protection from vandalism, fire, and weather-related risks | (Recent Review 2025) |
Properties Obie Does Not Cover
Not every property fits with Obie Insurance. They don’t cover mobile homes or manufactured homes. These homes are built differently and need special insurance. If you have a mobile home, you’ll need to look somewhere else.
There might be other exceptions too, depending on your property. Always double-check with Obie to make sure your place is covered.
Coverage Benefits and How They Help You
Obie Insurance policies are designed to be simple and clear. Here are some of the benefits you get with an Obie policy:
- Property Protection: Covers the physical structure of your property. This includes damage from fire, storms, and water.
- Liability Protection: Helps pay for medical bills and legal fees if someone is hurt on your property.
- Loss of Rental Income: If a covered event makes your property uninhabitable, the policy can pay you for lost rent.
- Additional Endorsements: In areas with extra risks like floods or earthquakes, you can add special endorsements for more protection.
A landlord in a 2-4 unit building, for example, can have peace of mind knowing that if one unit is damaged by a storm, the policy will help cover repair costs without leaving the entire building vulnerable.
Why Choose Obie Insurance?
So why pick Obie Insurance? Here are some big reasons:
- Quick Quotes: Get a price in two minutes online—no waiting!
- All 50 States: Obie covers properties everywhere in the U.S.
- Custom Policies: Add extras like flood or earthquake protection if you need it. For example, if your rental is near a river, Obie can add flood coverage.
- Multiple Properties: Own more than one place? Obie can bundle them into one plan.
- Great Help: Reach out by phone, email, or even Twitter if you need support.
Insurance costs are up in 2025—about $1,500 a year on average, says the NAIC (NAIC, 2025). But Obie uses tech to keep prices fair by looking at your property’s details. That means you get a good deal without overpaying.
As one industry expert noted,
“Obie makes it easy for landlords to protect their investments without the hassle of paperwork. Their policies are simple and smart.”
— Industry Leader, Real Estate Investor Association
Note: All sources are based on the latest 2025 industry data and reports provided by NAIC and related government publications.
2025 Trends in the Insurance Market
The insurance market is always changing. In 2025, several trends affect landlord insurance:
- Premium Adjustments: According to the latest NAIC reports, premium rates for residential property insurance have grown moderately. Insurers are adjusting rates to match current risks and inflation levels.
- Increased Loss Reserves: Data shows that loss reserves have grown slightly to help cover potential claims. This means that insurance companies are prepared to handle big claims if they occur.
- Technological Advances: With digital platforms like Obie’s, the time to get a quote and file a claim is much shorter than before. This trend is likely to continue as more property owners choose online services.
- Focus on Climate Risk: Recent government reports from agencies such as the U.S. Treasury and NAIC have stressed the need for better data on climate-related risks. This information helps insurers adjust their policies and premiums for areas prone to severe weather.
Final Thoughts
Obie Insurance makes it easy to protect houses, condos, rentals, and more. With 2025 updates like AI-driven claims and eco-friendly rebuild options, they’re a top choice for new and experienced owners.
Ready to get covered? Visit Obie Insurance for a free quote today!