Thinking about renting a home, apartment, or room? Well, if so then you’re going to need to invest in rental property insurance. Even though someone else legally owns your home, it is still your responsibility to ensure that it is safe to live in. Rental property insurance provides you with at assurance. In the event that someone is injured while on your property and you are held liable, there can be serious consequences that end up costing you a lot of money. Rental insurance provides you with something to fall back on and prevents you from having to pay out of pocket. There many different rental property insurance policies out there to choose from. When it comes to finding the right one, turn to Sure Trust. Our experienced Brokers will sit with you to find a policy that works for you and your unique situation. Stop putting you and your tenants at risk. Find a policy today!
Even though it’s not required, you should recommend that your tenants invest in renter’s insurance. This policy will cover them in the event of lost or damaged property, as well as disasters. Renter’s Insurance can save both you and your tenant more money in the long run.
The most common form of rental property insurance is landlord insurance. This is a comprehensive package that includes liability, property damage, and loss of income insurance. Landlord is practically like a Business Owner’s Policies but instead for those looking to rent their available property. Note: Homeowner’s insurance does not cover tenant renting your property.
While landlord insurance protects from the most common rental property associated risks, there are other policies to consider investing in. Those include fire and flood insurance. These are included in Landlord insurance and cost you a lot of money if something were to happen.