Protecting your interest comes with options.

As a real estate investor with one or more rental properties, you need Rental Property Insurance to properly protect your interests. The insurance policy you purchase for rental property does not qualify or provide the wide coverage your homeowners policy provides. Depending on the situation rental property insurance can be purchased with a landlord protection insurance policy, a commercial dwelling fire policy, a BOP policy or commercial Mobile Home policy.

Some carriers offer specific Landlord Protection Insurance for the most common types of losses or on a much broader basis for more protection. Policies differ between a commercial establishment and non-commercial residential property in which you rent out.

Dwelling Fire policies are not just for rental property.

A dwelling fire policy can be purchased to cover vacant property as well. It is important to understand the dwelling fire policy covers just the dwelling structure and for causes of damage specifically listed in the policy. Optional coverage is available for added protection such as premises liability, contents coverage, and vandalism.

Rental Property Insurance provides coverage for:

Dwelling – damages to your building from fire, hail, vandalism and other dangers outlined in the policy.

Liability – coverage for legal fees resulting from injury claims or property damage occurring on your property due to a covered loss. It could also cover medical expenses for injuries on your property.

Loss of Rental Income – pays your rental income while your property is being repaired or rebuilt due to damages from a covered loss.

Litigation and legal defense costs can be financially devastating. Keeping your rental premises safe will decrease your liability risk.

We understand that you may have questions about the options available. We invite you to speak with one of our commercial insurance specialists. They can walk you through the insurance shopping process so you can make an informed decision about the rental property insurance coverage that is right for you. Request a free insurance cost review today!