--- title: What does the Property Protection Plan cover? description: See what’s covered under Nomad’s Property Protection Plan, including property damage, liability coverage. --- [Skip to content](https://help.nomadlease.com/what-does-the-property-protection-plan-cover#main-content) English Show submenu for translations ![Nomad\_Mark\_Light\_Green-2.png\]](https://help.nomadlease.com/hs-fs/hubfs/Nomad_Mark_Light_Green-2.png?height=40&name=Nomad_Mark_Light_Green-2.png) Open main navigation Close main navigation - English Show submenu for translations - [Nomad Homepage](https://nomadlease.com/) [Nomad Homepage](https://nomadlease.com/?hsLang=en) Hello. How can we help you? - There are no suggestions because the search field is empty. 1. [Nomad University](https://help.nomadlease.com/?hsLang=en) 2. [Owners](https://help.nomadlease.com/owners?hsLang=en) 3. [Property Protection Plan](https://help.nomadlease.com/owners?hsLang=en#property-protection-plan) # What does the Property Protection Plan cover? ## Accidents happen — and that’s why properties on Nomad can be backed by our Property Protection Plan, underwritten by Lloyd’s of London. This plan protects both owners and renters from unexpected damage or losses during a lease-term. #### What’s Covered The plan has four key parts that protect both the property owner and the renter — plus an add-on for malicious damage. --- ### 🏠 1. Property Damage (Owner Coverage) If a renter accidentally damages the property — whether that’s a broken appliance or a damaged wall — the Property Protection Plan helps cover the cost to repair or replace it. **Coverage details:** - Property (structure): up to **$500,000** - Contents (furniture, décor, etc.): up to **$10,000** - Per-item maximum: **$5,000** - Deductible: **$3,500 per claim** **Malicious damage** (damage done intentionally by a renter) is also covered up to: - **$15,000 per incident** - **$5,000 deductible** 💡 *Example:* If a guest throws a party and damages your floors and walls, Nomad’s plan can help cover the repair costs after your deductible. --- ### 🧑‍💼 2. Owner Liability Coverage If someone gets hurt or their belongings are damaged at your property — and you’re found legally responsible — this coverage helps protect you. **Coverage limits:** - Up to **$100,000 per incident** - **$5 million total per year** - Includes up to **$1,000 for medical payments** (max $500 per person) - **$5,000 deductible** 💡 *Example:* A guest slips on a wet floor and needs medical attention — this coverage can help with those costs. --- ### 🧳 3. Renter’s Belongings Guests’ personal items are protected while they stay at your property. **Coverage details:** - Up to **$10,000 total** per unit - Up to **$2,500 per item** - **$500 deductible** **Not covered:** cash, jewelry, fine art, collectibles, or any single item worth over $4,000. 💡 *Example:* If a guest’s suitcase or laptop is stolen from the home, this section helps reimburse them. --- ### 🙋‍♂️ 4. Renter’s Liability If a renter accidentally causes damage to the property or to someone else, this helps cover the costs so the renter isn’t on the hook alone. **Coverage details:** - Up to **$100,000** in liability coverage - Up to **$1,000 for medical payments** (max $500 per person) - **$2,500 deductible** 💡 *Example:* If a guest overflows the bathtub and floods the ceiling below, this coverage helps pay for repairs. --- #### What’s Not Covered While the plan covers most common issues, there are some exclusions: - Normal wear and tear or gradual deterioration - Mold, rust, or pests - Bed bug infestations - Damage from war, terrorism, or pollution - Cyber or data-related losses - Health or disease-related incidents (like COVID-19) 💡 If you’re unsure whether something is covered, our support team can help review your specific case. - [Owners](https://help.nomadlease.com/owners?hsLang=en#main-content) - [My Account](https://help.nomadlease.com/owners?hsLang=en#my-account) - [About Nomad](https://help.nomadlease.com/owners?hsLang=en#about-nomad) - [Guaranteed Rent, Payments and Taxes](https://help.nomadlease.com/owners?hsLang=en#guaranteed-rent-payments-and-taxes) - [Marketing](https://help.nomadlease.com/owners?hsLang=en#marketing) - [Managing My Property](https://help.nomadlease.com/owners?hsLang=en#managing-my-property) - [Property Protection Plan](https://help.nomadlease.com/owners?hsLang=en#property-protection-plan) - [Rent Advance](https://help.nomadlease.com/owners?hsLang=en#rent-advance) - [Applications and Leases](https://help.nomadlease.com/owners?hsLang=en#applications-and-leases) - [Residents](https://help.nomadlease.com/residents?hsLang=en#main-content) - [Application](https://help.nomadlease.com/residents?hsLang=en#application) - [Resident FAQs](https://help.nomadlease.com/residents?hsLang=en#resident-faqs) - [Move In & During Your Lease](https://help.nomadlease.com/residents?hsLang=en#move-in-during-your-lease) - [Shared Resources](https://help.nomadlease.com/shared-resources?hsLang=en#main-content) - [Account Issues](https://help.nomadlease.com/shared-resources?hsLang=en#account-issues) - [Move-Ins](https://help.nomadlease.com/shared-resources?hsLang=en#move-ins) - [Move-Outs](https://help.nomadlease.com/shared-resources?hsLang=en#move-outs) - [During Your Lease](https://help.nomadlease.com/shared-resources?hsLang=en#during-your-lease) - [Application & Leasing Process](https://help.nomadlease.com/shared-resources?hsLang=en#application-leasing-process) - [Getting Started - Resident Led Showings](https://help.nomadlease.com/getting-started-resident-led-showings?hsLang=en#main-content) - [Getting Started](https://help.nomadlease.com/getting-started-resident-led-showings?hsLang=en#getting-started) - [Getting Started - Professional Tenant Placement - Resident Tours](https://help.nomadlease.com/getting-started-professional-tenant-placement-resident-tours?hsLang=en) [![Nomad\_logo\_dark\_green-1](https://help.nomadlease.com/hs-fs/hubfs/Nomad_logo_dark_green-1.png?width=140&height=70&name=Nomad_logo_dark_green-1.png "Nomad_logo_dark_green-1")](http://nomadlease.com?hsLang=en) Copyright © 2026, Nomad ```json { "@context" : "https://schema.org", "@type" : "BreadcrumbList", "itemListElement" : [ { "@type" : "ListItem", "item" : "https://help.nomadlease.com", "name" : "Help Center", "position" : 1 }, { "@type" : "ListItem", "item" : "https://YOUR-DOMAIN.com/help/owner-policies", "name" : "Owner Policies", "position" : 2 }, { "@type" : "ListItem", "item" : "https://help.nomadlease.com/what-does-the-property-protection-plan-cover", "name" : "Property Protection Plan", "position" : 3 } ] } ``` ```json { "@context": "https://schema.org", "@type": "Product", "name": "Nomad Property Protection Plan", "description": "Coverage for owners and renters including property damage, liability, renter belongings.", "brand": { "@type": "Organization", "name": "Nomad" }, "category": "Insurance", "audience": { "@type": "Audience", "audienceType": ["Property Owners", "Renters"] }, "areaServed": "US", "url": "https://help.nomadlease.com/what-does-the-property-protection-plan-cover", } ``` ```json { "@context": "https://schema.org", "@type": "FAQPage", "mainEntity": [ { "@type": "Question", "name": "What does the Nomad Property Protection Plan cover?", "acceptedAnswer": { "@type": "Answer", "text": "It helps pay for accidental damage to the property and contents, protects owners and renters from certain liability claims, and covers renters’ belongings up to set limits." } }, { "@type": "Question", "name": "What are the key limits and deductibles?", "acceptedAnswer": { "@type": "Answer", "text": "Typical limits include up to $500,000 for property structure, $10,000 for contents (max $5,000 per item), $100,000 for liability, and $10,000 for renter belongings. Deductibles generally range from $500 to $5,000 depending on the section." } }, { "@type": "Question", "name": "What isn’t covered?", "acceptedAnswer": { "@type": "Answer", "text": "Normal wear and tear, mold or pests, bed bug infestations, cyber/data losses, and disease-related incidents are not covered. See the full policy for details." } }, } ] } ``` ```json { "@context" : "https://schema.org", "@type" : "HowTo", "description" : "Simple, step-by-step instructions to start and support your claim.", "name" : "How to file a Nomad Property Protection Plan claim", "step" : [ { "@type" : "HowToStep", "name" : "Report it within 5 days", "text" : "Email claims@terngrp.com or call +1 (514) 312-1910 x100 with the basics.", "url" : "https://YOUR-DOMAIN.com/help/property-protection-plan#claims" }, { "@type" : "HowToStep", "name" : "Share details", "text" : "Include property address, date/time, what happened, and photos/videos.", "url" : "https://YOUR-DOMAIN.com/help/property-protection-plan#claims" }, { "@type" : "HowToStep", "name" : "Attach documents", "text" : "Add receipts, repair estimates, and any relevant reports.", "url" : "https://YOUR-DOMAIN.com/help/property-protection-plan#claims" }, { "@type" : "HowToStep", "name" : "Follow up", "text" : "We’ll review and update you; typical processing after all info is received.", "url" : "https://YOUR-DOMAIN.com/help/property-protection-plan#claims" } ], "tool" : [ "Email", "Phone", "Photos or videos", "Receipts/estimates" ], "totalTime" : "P0DT30M" } ``` ```json { "@context" : "https://schema.org", "@type" : "Organization", "logo" : "https://YOUR-CDN.com/brand/nomad-logo.png", "name" : "Nomad", "sameAs" : [ "https://www.linkedin.com/company/YOUR-LINKEDIN", "https://twitter.com/YOUR-TWITTER" ], "url" : "https://YOUR-DOMAIN.com" } ```