Let peace of mind be the sole tenant in your head
Start With a Free Custom Quote
What You Get
- Protected property
- Covered costs for damages or injuries that occur on your rental property
Why You Need It
- Most lenders require this insurance
- Liability costs and monetary risks associated with tenants living on your property
In 2021, it was reported that around 44 million housing units are occupied by renters in the United States. As the demand for rental properties keeps on increasing, there is a high probability that potential risks could actually occur in these properties.
Landlord insurance is specifically designed to cover rental properties. This is separate insurance as standard homeowners insurance does not typically cover residences that are being rented out. This would financially help you, the landlord, in handling costs that are related to property damages, medical payments of your tenant’s injuries, lawsuits against you or reimburse you for the lost income due to a covered loss.
This insurance won’t cover your tenants. Hence, a renters insurance shall be purchased by them in order to protect their possessions, financially help them cover costs if they cause injuries to others or damages to their property, and help them with additional living expenses if they are unable to live in your rental property due to a covered loss.
Subscribe And Become The Most Elite Version of Yourself
Get the most actionable insights on how to win at life delivered to your inbox each week, absolutely free. We cover topics like mindset, leadership, fitness, relationships, business, investments, and more.
Get In Touch
Need to talk? We like to listen.