Rental Property Insurance

As a landlord, you want insurance that’s tailored specifically to protect your rental properties.

Rental property is a great investment, especially if you protect your assets with excellent coverage. Make sure that you and your property are covered when choosing an insurance policy.

Protect Your Property

Single family homes or condominiums that are not occupied by the owner are insured with Dwelling fire policies. The dwelling fire (DP3) policy typically includes coverage for the dwelling and other structures. This policy is different from homeowners (HO3) policies which also includes coverage for personal contents and loss of use.

Insurance for all Kinds of Rental Properties

Depending on your rental structure – a house, apartment or condominium – the right coverage can provide you peace of mind as well as the money you need to repair or replace your rental property.

Protection for Your Belongings

Although your rental property might not be furnished, items such as, clothes washer, dryer, refrigerator and window treatments are not covered under structure coverage.  Personal Property Insurance helps replace these items if they are lost, stolen, or destroyed as a result of a covered loss.

Fair Rental Value/Loss of Rents

If your tenant can’t live in your structure because of a covered loss, your dwelling insurance policy will pay for lost rent while damage is assessed and your structure is repaired or rebuilt.

Protection for You and Other People

Personal Liability Coverage applies if someone is injured or their property is damaged and you and/or your tenant are to blame.

When choosing your liability coverage limits, consider things like how much money you make and the assets your own.  Your personal liability coverage should be high enough to protect your assets if you are sued.

Worried you aren’t completely covered? Consider an umbrella insurance policy that extends your coverage.

To find out more about this product and other products and services, contact Hometown Insurance Team today.

Get a Quote or call us at 239-596-3700