We Have You Covered
When looking into a new landlord policy, there are things that you need to be aware of. Please take a look at our quick guide, but when it comes time to shop for new insurance, be sure to reach out so we can make sure you have all the coverage you need.
Liability
Liability coverage is a standard offering in most landlord insurance policies. It helps cover expenses if you are found to be legally responsible after someone is injured on your property. It can also help protect you if your tenants are engaging in unlawful behaviors and you fail to stop it.
Dwelling
Dwelling insurance helps to pay for covered repairs or reconstruction of the dwelling and other structures on the same property, such as a shed or garage. This includes things like fire, flood, and weather damage. Be sure that the coverage is a replacement cost policy so you do not have to worry about a depreciated value on your home.
Personal Property Coverage
Like renters or homeowners insurance, this is used to cover losses on your property such as furniture or appliances. Be sure that the coverage is a replacement cost policy so you do not have to worry about a depreciated value on your personal properties.
Loss of Rents Coverage
This protects the money you would have made on a rental that is deemed unlivable until it can be repaired. For example, one of your units suffers fire damage and you're unable to rent it. This will cover the lost rent while repairs take place.