Landlords
Landlords Package Policy
Rental Property
If you own multiple properties it’s important to have them insured. On these properties your not going to want homeowners insurance. Your going to want to have a landlord policy now because it will save you money. Homeowners policies insurance your contents & dwelling. While landlords just insure the dwelling which save you big money.
Landlord policy will help you:
- Up to 12 months of lost rental income
- Damages to your property
- Damages you are legally obligated to pay
- Legal fees
Coverage Landlords Need
Being landlord it will put you in risk of litigation to the leaser or renter of your property. Which means you’ll need additional liability protection which you can increase on your landlord policy or by owning a personal umbrella policy which will protect you in litigation if that arises.
Fair Rental Income
If you can’t rent out your property because it’s damaged, you’re losing valuable rental income. With Fair Rental Income protection, your protected for up to 12 months while damages are being prepared.
Do your Tenants have Renters Coverage?
If your tenants experience a loss by theft or natural disaster their property will not be covered under your policy. It’s important to advise your tenants to purchase a renter’s policy. Some landlords require tenants to maintain renters insurance.
Unfortunately some insurance agents write a secondary home policy on policies that should be written as a landlord policy. Which cost you more money. Call our office today to make sure you have the proper coverage and a proper price.
