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Landlord/Renters Insurance Coverage

Rental properties are important investments and often valuable sources of income.  But sometimes things just happen.  What would happen if the building that you owned were damaged?  What would happen if the tenant or a guest were injured on your property?


A landlord insurance policy can help protect landlords with single-family dwelling properties and multi-family dwellings properties. 


Do your Renters have Insurance?


Your landlord insurance policy may not cover your tenants' personal property.  You can help minimize your risks by checking to ensure that your tenants have the coverage they may need in case something happens within the residence. 

 

A Renters insurance policy provides coverage for the renter and protects their household contents and personal belongings.  If your possessions are stolen during a break-in or damaged by a fire or sever weather, a renters insurance policy will allow you to recover their value.  Furthermore, in the event someone is injured at your place, you could be held legally liable for the injury.  Our renters policy provides personal liability coverage should this ever occur.

How can I determine how much insurance I need?


Add up the dollar value of everything you own in your home.  Clothing, furniture, television, stereo equipment, computers, kitchen utensils, etc.  What would it cost Brand New if you had to replace everything?  Most companies have a calculator to help you get in the ball park, but ultimately, it is your responsibility to determine how much you need.

 

Shopping around for the right renters insurance policy is a smart investment a of your time and purchasing a good policy is a smart use of your money.