We have many companies that write Landlord Policies for Rental Properties!
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All Insurance Services
815-344-2345
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Call us Today for your Free Quotes!
All Insurance Services
815-344-2345
Or fill out the form below and we will contact you shortly.
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When you rent a property it requires a special type of homeowners policy. Landlord policies generally cost about 25 percent more than a standard homeowners policy to pay for increased protections. Landlord policies provide property insurance coverage for physical damage to the structure of the home caused by fire, lightning, wind, hail, ice, snow or other covered perils. It also offers coverage for any personal property you may leave on-site for maintenance or tenant use, like appliances, lawnmowers, and snow blowers. The policy also includes liability coverage; if a tenant or one of their guests gets hurt on the property, it would cover legal fees and medical expenses. Most landlord policies provide coverage for loss of rental income in the event you are not able to rent out the property while it is being repaired or rebuilt due to damage from a covered loss. This coverage is generally provided for a specific period of time. Renters insurance for your tenants. As the landlord, your coverage is only on the structure itself and your financial interest in it. Your tenant’s personal possessions are not covered under your policy. In order to avoid disputes arising from damage to the renter’s belongings, many landlords require a tenant to buy renters insurance before signing a lease. |