landlordinsurance

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Landlord Insurance

• A Handy Guide ?

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What Is Landlord Insurance??

• Your rental property requires more than a
  homeowners policy if you're renting out for a
  long period of time. ?
• Landlord insurance protects you from financial
  losses caused by property damage or injury to
  your tenants or their guests while on your
  property.?

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What Does Landlord Insurance Cover??

• Basic Coverage?
• Dwelling Coverage?
• Loss of Rental Income?
• Liability Coverage?
• Additional Coverage?
• Building Code Coverage?
• Flood Insurance?
• Earthquake Insurance?
• Non-Occupancy Dwelling Coverage?
• Emergency Coverage?

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Landlord Insurance Vs Homeowners Insurance?

• If you're planning to rent out your property for
  a short period of time, some insurance carriers
  may allow you to add an endorsement on homeowners
  insurance.?
• If your tenants are staying for longer, landlord
  insurance is a must.?
• Homeowners insurance is only applicable to
  owner-occupied homes.?
• Landlord insurance covers loss of rental income.?

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Landlord Insurance Vs Renters Insurance?

• Landlord policy covers the owner's dwelling
  against liability risks and lost rental income. ?
• Renters insurance covers the tenants and their
  personal property and any damage caused to the
  rental property. ?

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Landlord Insurance Companies?
?According to Value Penguin, the national annual
average landlord insurance cost is currently
1,800. ? ? Best companies to purchase landlord
insurance from? - State Farm? - Liberty
Mutual? - Allstate? - American Family
Insurance? - Travelers?
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How To Get Lower Insurance Premiums?

• Maintain your property?
• Pay higher deductibles?
• Bundle your policies?
• Require your tenants to get renters insurance?

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In Conclusion?

• Homeowners insurance and/or renters insurance
  aren't replacements or alternatives to landlord
  insurance.?
• Your rental property needs specialized protection
  because of your exposure to unique risks and
  perils.?
• Talk to our insurance experts to get the best
  landlord insurance quotes and advice.?

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Learn More About Landlord Insurance