4 Ways to Protect Your Rental Property
Posted: February 16, 2022
Renting out a property is a great way to generate passive income, but there are always some risks involved. Those risks include liability for injuries sustained on the property, physical damage to the property itself, and non-paying tenants. Taking the following steps can help minimize your risk as a landlord. Purchase Landlord Insurance This is essential protection to cover common occurrences such as fire, lightning,...
WILL MY HOMEOWNERS POLICY COVER MY HOME FOR SALE OR VACANT HOME?
Posted: November 30, 2020
Many consumers are under the impression that their Homeowners policy covers them for pretty much everything. While the HO-3 or standard homeowners policy does provide a lot of coverage, it also is intended to cover an "Owner Occupied Dwelling" and not a vacant dwelling. The policy has some clear definitions of vacancy, essentially any unoccupied dwelling for 30 days or more. Unfortunately, ,many consumers leave...
What Kind of Insurance Do I Need If I Rent Out My Home?
Posted: October 4, 2019
If you own a home, you probably already have homeowners insurance to protect your investment from covered losses. However, a standard homeowners policy may not cover damages that occur when your house is being rented out, depending on the length of the rental term and the situation. Our experienced agent can advise you on what insurance you need if you plan to rent out your...
The Best Insurance for Apartment Building Owners
Posted: May 20, 2019
As anyone can probably guess, owning a residential rental property can be both personally and financially rewarding. But it can also be just as risky as Rock Climbing, especially if you’re new to the game. And without the right apartment building owner’s insurance, landlords can face serious financial harm if something goes wrong. Some perils are more obvious like slip and falls and water pipe...
How To Buy Landlord Insurance For Your Rental Property
Posted: June 18, 2013
If you are already a landlord or thinking about becoming one by purchasing a rental property in the near future, you need to purchase landlord insurance. Purchasing landlord insurance is a critical, and typically required, step in renting out your home. Whether you are renting out a house, apartment, or space inside your own home, you need to purchase landlord insurance to protect yourself and...
