Here are the key features you should know about:
Property Protection: This covers the physical structure of your rental property, including the building, attached structures like garages or sheds, and any provided fixtures or appliances. It shields against damage caused by fire, storms, vandalism, or other covered events.
Loss of Rental Income: This helps when your rental property becomes uninhabitable due to a covered event. Your insurance reimburses lost rental income during repairs, acting as a crucial financial support. It aids in covering mortgage payments, taxes, or ongoing expenses, even when your property is vacant.
Liability Insurance: This offers protection if a tenant or visitor is injured on your property and holds you responsible. It covers legal costs, medical expenses, and potential lawsuits arising from bodily injury or property damage claims.
Additional Coverage Options: These enhance your policy based on your needs. They can include coverage for landlord furnishings, liability for wrongful eviction or invasion of privacy claims, or rent guarantee coverage to protect against tenant defaults.
When choosing landlord insurance, consider factors like the property's location, type, number of units, and the value of your assets. At our agency, we comprehend the unique challenges landlords face. Our expert team is here to assist you in selecting the landlord insurance policy that suits your needs and budget. Contact us today for more information and enjoy the peace of mind that comes from knowing your rental property is safe and secure!