Landlord Protection is insurance for non-commercial landlords who own and rent tenant-occupied residential properties. It does more than just protect your investment from damage. It also protects you from certain types of liability unique to landlords, like wrongful eviction. You may only want a landlord insurance policy with coverage for the most common types of losses or a fully-loaded policy that offers more protection. We can offer advice about the type of coverage that is right for you. We’ll help you make sure your residential rental property is properly protected.
What does Landlord Protection insurance include?
Landlords just do not own the home or condo being rented, they may own additional items or tools that tenants have access to, and some of these items may be covered by a Landlord Protection insurance policy:
- Dwelling/rental property
- Additional buildings on premise such as sheds or garages
- Equipment like tools, washing machines or other appliances used by tenant
Additional Coverage Options
There are additional coverage options that may be added to Landlord Protection insurance policy.
Landlords or rental property owners may also face legal ramifications for events that take place on the property they own. Having additional coverage for Legal Defense may help pay for legal fees from lawsuits like:
- Libel or slander
- Accidental Damage
- Wrongful eviction
Fair Rental Value:
If your dwelling is deemed uninhabitable or a total loss, you may not only need repair or rebuild your property, you may lose rental income. Having Fair Rental Value coverage means that you may get reimbursed for your lost income during a covered event.
Extended Dwelling Coverage:
If your rental property or condo is a complete loss, a standard Landlord Protection insurance policy may not cover the entire cost to rebuild or repair the property. Extended Dwelling coverage may pay out an additional 25 to 50 percent of the standard coverage amount, depending on the policy.
Contact us for a free quote today!