Why should I consider a private client insurance review?

A new home, renovation, luxury vehicle, valuable collection, or asset increase can create coverage gaps you won't discover until it's too late. A review looks at your overall program — not just one policy — to find opportunities to improve coverage and value.

Can Truska Insurance manage out-of-state secondary properties for Chicago clients?

Yes. We coordinate insurance for qualifying second homes, vacation properties, rental properties, and other real estate outside Illinois, alongside your primary residence and the rest of your personal program.

How does a local independent broker benefit high-net-worth families in Chicagoland?

An independent broker can compare coverage across multiple carriers instead of being limited to one company's underwriting guidelines. We coordinate your home, condo, auto, valuable property, and umbrella into one comprehensive program, backed by local Chicago knowledge.

Why do historic homes require specialized insurance advocacy?

Historic and high-value homes often include custom masonry, plasterwork, and materials whose repair or replacement costs exceed standard construction estimates. We take a more detailed approach to evaluating your property so the replacement cost aligns with its actual construction, features, and current rebuilding costs.

Do I need a separate policy for each rental property I own?

Generally yes — but if you own multiple properties, there are portfolio options that can simplify and reduce your cost. Each rental property carries its own distinct liability exposure, location risk, and coverage needs, so a single blanket policy rarely fits well. However, landlords with two or more properties may qualify for a commercial landlord package that covers all properties under one policy with one renewal date. We help Chicago landlords evaluate whether individual policies or a portfolio approach makes more financial sense for their situation.

What does loss of rental income coverage actually cover?

It covers the rent you would have collected while the unit is uninhabitable due to a covered loss. If a fire, burst pipe, or other covered event forces your tenant to vacate while repairs are made, loss of rental income coverage reimburses you for that lost rent — typically up to a policy limit or a set number of months. It does not cover vacancy between tenants, non-payment of rent, or income lost because a tenant broke the lease. The distinction matters, and we make sure your policy limits reflect your actual monthly rental income.

Does landlord insurance cover my tenant's belongings?

No — and your tenants should know this. Your landlord policy covers the building structure, your personal property in the unit (appliances, furnishings you provide), and your liability. It does not cover your tenant's furniture, electronics, clothing, or personal belongings under any circumstances. We recommend making renters insurance a lease requirement — it protects your tenants and reduces the likelihood that a tenant loss becomes a dispute with you.

Is landlord insurance the same as homeowners insurance?

No — and using the wrong policy is one of the most common and costly mistakes rental property owners make. A standard homeowners policy is designed for owner-occupied properties. If you rent your property to a tenant and file a claim, your insurer can deny it because the property is being used commercially. A landlord policy, also called a dwelling fire policy, is designed for non-owner-occupied rental properties and covers the structure, your liability as a landlord, and lost rental income after a covered loss.

Do I need insurance if my recreational vehicle is in storage?

Yes. Even while stored, your vehicle can be damaged by fire, storms, theft, vandalism, or other covered losses.

Does my auto insurance cover my RV?

Usually not. Motorhomes require their own insurance policy, while towable RVs often need separate physical damage coverage and rely on your auto policy for liability while being towed.

FAQs Archive - Truska Insurance

Categories: Private Client0.2 min read
Why should I consider a private client insurance review?
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Categories: Private Client0.1 min read
Can Truska Insurance manage out-of-state secondary properties for Chicago clients?
read more
Categories: Private Client0.2 min read
How does a local independent broker benefit high-net-worth families in Chicagoland?
read more
Categories: Private Client0.2 min read
Why do historic homes require specialized insurance advocacy?
read more
Categories: Landlord Rental0.4 min read
Do I need a separate policy for each rental property I own?
read more
Categories: Landlord Rental0.5 min read
What does loss of rental income coverage actually cover?
read more
Categories: Landlord Rental0.3 min read
Does landlord insurance cover my tenant’s belongings?
read more
Categories: Landlord Rental0.4 min read
Is landlord insurance the same as homeowners insurance?
read more
Categories: Automobile0.1 min read
Do I need insurance if my recreational vehicle is in storage?
read more
Categories: Automobile0.1 min read
Does my auto insurance cover my RV?
read more

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Why should I consider a private client insurance review?

Can Truska Insurance manage out-of-state secondary properties for Chicago clients?

How does a local independent broker benefit high-net-worth families in Chicagoland?

Why do historic homes require specialized insurance advocacy?

Do I need a separate policy for each rental property I own?

What does loss of rental income coverage actually cover?

Does landlord insurance cover my tenant’s belongings?

Is landlord insurance the same as homeowners insurance?

Do I need insurance if my recreational vehicle is in storage?

Does my auto insurance cover my RV?

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Quick question or general inquiry?

protect what matters most

protect what matters most

Protect What Matters Most Request a quote today!

Quick question or general inquiry?

Protect What Matters Most

Request a quote today!