Let’s talk about one of the less-fun sides of property management: unauthorized occupants (also known as squatters). It’s something no one wants to deal with—but if it happens, we want you to feel confident knowing exactly what’s covered.
So, what counts as an unauthorized occupant?
Simply put, it’s anyone living in a rental unit without a signed lease between themselves and the property manager or owner. No signed lease = no authorized tenancy.
This can happen in a few different ways—for example:
- A former tenant moves out, but a friend or relative quietly stays behind.
- A sublease happens without your knowledge or approval.
- Someone takes over a vacant unit while it’s between tenants.
- Or in rare cases, someone breaks in and begins occupying the property.
How much protection do you have?
That depends on your OP plan:
- OP Basic: $1,000 in protection
- Shield: up to $2,000
- OP Plus: up to $3,000
What’s covered?
If you ever find yourself dealing with an unauthorized occupant, your coverage can help with:
- Lost rental income
- Property damage
- Turnover costs related to removing the occupant
We know these situations can be stressful, but your OP protection is designed to ease that burden—helping you recover faster and keep your business running smoothly.
If you’re unsure which level of coverage your properties are enrolled in, or want to explore upgrading, reach out to our team anytime—we’re here to help.