Landlord Insurance - MetLife

Metlife offers complete landlord insurance options that meet the varied needs of most investment property owners.

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9.2
Grand Score
8
User Score
9.2
Grand Score
8
User Score
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The roots of Metlife reach back to 1863, when the company was founded by a group of businessmen in New York. The partners pooled together $100,000 to found the National Union Life and Limb Insurance Company. Initially, the company insured Civil War soldiers and sailors from wartime injuries and disabilities. After the Civil War, the company revamped itself as Metropolitan Life Insurance Company and started selling life insurance policies.

Through the years, there would be many trials faced by the company, but it would always end up coming out on top. By 2015, the company was voted number one on Fortune magazine's list of World's Most Admired Companies in the Insurance: Life and Health category. Metlife sells landlord, auto, home, life, disability, vision and dental insurance. It is also one of the largest providers of annuities in the world.

Seniors will find the many insurance options offered by Metlife extremely beneficial. The company’s landlord insurance covers the primary building, other structures such as a shed or garage, and personal property such as tools, appliances, furniture, and anything stored by the landlord on the premises. Seniors opting to purchase a landlord policy to protect their investment might want to consider bundling policies with Metlife to save money.

Grandfolk Scoring
Ease of enrollment 10/10
Coverage 9/10
Waiting period 7/10
Customer support 10/10
Discount 7/10
Cost 8/10
Deductible 7/10
Ease of enrollment
How do I enroll?
Online or by phone
Coverage
What services are covered?
Property (dwelling, other structures) and liability protection
Waiting period
How soon does the insurance become active?
Call customer service for details
Customer support
What support is provided?
Customer service is available 24/7
Discount
What discounts are offered?
Bundling and more. Call the company for details
Cost
How much are monthly premiums?
Cost varies depending on age, policy requirements and history
Deductible
Which claims require use of a deductible?
Call the company for details
Age Score:
10
50-64 Years
10
65-74 Years
10
75-84 Years
10
85-Above

Metlife is a firmly established company that has built a worldwide name. Seniors typically appreciate stable companies that have stood the test of time. The Metlife company is usually familiar to most seniors and they instantly know that they will receive quality services to meet their individual needs. Metlife has proven itself to be a solid foundation for anyone looking to purchase insurance policies. 

Rental property is often one of the largest investments that a senior holds, so purchasing a landlord policy for protection is extremely important to prevent possible financial loss in the event of an accident.

Health Score:
10
Great Health
10
Good Health
10
Fair Health
10
Poor Health

Having insurance provides priceless peace of mind for most seniors. Home and auto insurance are especially important. However, many seniors also rely on rental property to supplement their incomes. Landlord insurance helps protect the senior’s investment so if a calamity should occur, they will be covered. Having a policy in place helps the senior rest easy and feel less stressed.

Seniors can also bundle more policies together to experience possible savings. Many seniors package their auto, home, and landlord policies together. Seniors can add roadside assistance so that if they break down, they will know that help is only a phone call away.

Pros:

  • Policies and quotes can be managed online using MetlifeMyDirect, which is a complete digital interface.
  • Numerous premium discounts.
  • You can earn $50 each year off your deductible for every year that you do not have a claim.

Cons:

  • No specific senior discounts.
  • Claims department has been reported to be slow.
  • Metlife is only available in 44 out of 50 states.
  • The company has a less-than-robust website that does not offer visitors very much helpful information.

Bottom Line:

Metlife remains a giant in the insurance industry. The company has managed to stay on top based on superior customer service and ease in purchasing policies. Even term life insurance policies can be bought by simply answering a few key questions. No health exam is needed. Overall, Metlife offers a wide range of coverages that meet or exceed most people's’ needs.

Seniors who are looking for a stable insurance giant that has been in business for over 150 years won’t be disappointed with Metlife. Metlife is committed to providing superior customer service. The company offers discounts for safe driving and multiple policies, which makes services highly affordable. Seniors often enjoy great savings when bundling a landlord policy with auto or home.

Frequently Asked Questions:

How do I pay for my policy? 

You can pay online, pay by phone, or pay by mail. You can also set up automatic payments. 

Can I change my plan?

Yes, you can change your policies at any time by adding or deducting services. 

Can I cancel my plan? 

You can cancel your insurance policy at any time.

More Information:

Note: Metlife is one of the only insurance companies that offers term life insurance plans for clients up to age 90. 

Overview:

Metlife is not only an insurance company, but also a full-service investment agency. Seniors can pick from a wide array of life, disability, home and auto insurance policies that can be tailored to fit each individual’s needs. The company also offer mutual funds, annuities, long term care policies and more. 

Package Details: Metlife offers numerous insurance packages and provides various discounts if you decide to bundle insurance policies such as auto with homeowners, or auto, homeowners and life policies.

Individual Plans: The company offers individual insurance policies

Family Plans: The company offers family plans and packages. The more you bundle, the more you save. 

Metlife Mobile App: The Metlife mobile app allows members to access their account information, make changes, make claims, and many more options. 

Discounts: The company offers numerous discounts, including premium discounts. 

Add-on Services: Services such as roadside assistance are easily added onto policies. Metlife offers a wide array of add-on services that not only save you money but are tailored to fit your unique insurance needs. 

Additional Company Details: 

There is no denying that Metlife is a global mammoth that successfully meets the needs of its 90 million policyholders. The company continues to grow financially. Its assets for 2016 held at $898.76 billion. 

Payment Policies: You can pay online, pay by phone, or pay by mail. You can also set up automatic payments. Policies can be paid for every month, every six months, or even once a year. 

Cancellation: Policies can be canceled at any time. There is no cancellation fee. 

Warranty: The company offers no warranty.

Accreditation: Metlife is not an accredited member of the Better Business Bureau, but maintains an A rating. 

COMPANY DETAILS:

Metlife has changed with the times and flourished for over 150 years. It prides itself on offering superior service. The company not only provides individuals with insurance options but also serves businesses and works with governments around the world in order to create better insurance and financial services. 

The company is a financially strong powerhouse. A.M. Best gave Metlife an A+ rating for financial strength, which means its overall financial strength is far superior to that of its competitors. The company offers a very strong lineup of policies, with discounts that are sure to fit at least some member’s needs. 

Contact:

Metlife
3807 Hwy 19
Ste A
Sun Prairie, WI 53590
Tele: (800) 638-5433
Website:https://www.metlife.com/

Kimberly Sharpe - Senior Advisor

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