Progressive Is Exiting the Rental Market—What It Means for You
SES Risk Solutions
Technology-enabled Insurance Solution Provider for Financial Institutions and Real Estate Investors
Major Carrier Exit Leaves a Gap in Rental Property Insurance Coverage
Recently, Progressive Insurance announced that it will no longer provide rental property insurance in key markets across the U.S. The move is part of a larger trend among carriers pulling back from certain real estate insurance segments due to rising costs, tightening profit margins, and shifting underwriting priorities.
For brokers, landlords, and property managers, this news creates a serious challenge: where can you turn for stable, reliable coverage for rental properties?
Progressive’s decision underscores a volatile market, but it also opens the door for specialized insurance providers, like SES Risk Solutions, to help fill the gap.
Why This Matters
Progressive’s exit is a reminder that generalist carriers often struggle in specialized markets like rental property insurance. The complexities of covering rental properties—whether single-family homes or large portfolios—require programs built with real estate expertise and a long-term vision for the market.
At SES, we’ve been anticipating shifts like these. With over 35 years of experience exclusively in real estate insurance, we’re here to provide brokers and their clients with:
What’s Next for Brokers?
If you’ve relied on Progressive to cover rental properties, now is the time to explore alternative solutions. SES Risk Solutions specializes in providing robust, flexible programs for rental properties of all types. Whether you’re insuring a single unit, a portfolio, or managing multifamily properties, SES can help ensure your clients are fully protected.
Ready to transition your rental property business? Contact our team today to learn more about how SES can fill the gap.