Landlord and Rental Property Insurance

Landlord and Rental Property Insurance

Protect Your Assets With Landlord and Rental Property Insurance

Owning rental property can be a great way to generate passive income. But, it also comes with its own set of risks. That’s where landlord and rental property insurance comes in. It provides financial protection for landlords if their rental properties are damaged or destroyed.

This insurance differs from a standard homeowners insurance policy in a few key ways. This type of coverage is specifically designed for landlords. It considers the unique risks that come with renting out a property. Understanding those differences is critical to making informed decisions about protecting your investment property.

Why You Need Landlord and Rental Property Insurance

If you’re a landlord, you need landlord insurance. It’s really as simple as that. Just imagine this: a pipe bursts in your rental property and causes major water damage.

Or, a tenant accidentally starts a fire that damages the unit. Without landlord insurance, you’d be responsible for covering the cost of repairs out of pocket. You may be thinking, “But I require a security deposit.”

Although it’s true that a security deposit can help cover some damages, they’re often limited. Additionally, they don’t cover situations like liability claims. Landlord insurance provides crucial financial protection for these and other unexpected events. Don’t get caught off guard, get protected.

What Does Landlord Insurance Cover?

Landlord insurance typically includes a combination of the following coverages. The specific coverage may vary by insurer and your location, so reviewing the policy details carefully is important. However, most policies offer a combination of the following:

Property Damage
This part of landlord insurance protects your investment by helping cover the cost to repair or rebuild your property if it’s damaged or destroyed. But, not all events are typically covered. Covered perils can include events like:

  • Fire
  • Lightning
  • Windstorms
  • Hail
  • Vandalism
  • Explosions
  • Smoke Damage
  • Lightning

It’s essential to discuss with your insurance agent the specific risks in your area to make sure you have appropriate coverage.

Ready to Protect Your Investment?

Don’t wait until it’s too late. Ensure your rental property is safeguarded against unexpected risks. Contact us today for a quote and secure peace of mind with comprehensive landlord insurance coverage.

Easily Get A Landlord and Rental Property Insurance Quote Three Ways:

01

Give Us A Call

Call us at  (816) 322-2888 and provide us with your information and our team will give you an accurate quote.

02

Use Our Secure, Easy to Use Portal.

If you have a login to your current insurance carrier’s website, click the button below or scan the QR code. Choose your carrier and login. Your details will be transmitted securely to our team, and we’ll get in touch with you promptly.

03

Fill out our form

By filling out the form below, you will provide us with essential information in order for our team to give you an accurate quote.

Contact Big Sky Agency Today!

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