Why You Need Rental Property Insurance

If you own a rental property, it's important to know that your homeowners insurance may not protect you the way you think it does.

That's because standard homeowners insurance is designed for owner-occupied homes. Once you rent the property to a tenant—or even leave it vacant for an extended period—many homeowners policies either limit or completely exclude coverage for losses. In other words, if you don't live in the home, you generally need a landlord insurance policy instead.

Rental property insurance is designed specifically for property owners and can help protect your investment by providing coverage for:

• The dwelling itself
• Detached structures, such as garages or sheds
• Your liability if someone is injured on the property
• Loss of rental income if a covered claim makes the property temporarily uninhabitable
• Certain property you own and provide for tenants, such as appliances or lawn equipment

Whether you own a single rental home, a duplex, or several investment properties, having the right coverage can help protect both your property and your income.

At The Agent Insurance Services, we work with multiple highly rated insurance companies to help landlords find coverage that fits their property, budget, and long-term goals. Because we're an independent insurance agency, we can compare options from several carriers to help you find the best fit—not just a one-size-fits-all policy.

If you own a rental property or are thinking about becoming a landlord, we'd be happy to review your current coverage or provide a complimentary quote.

The Agent Insurance Services represents several carriers who can insure your rental property, or specialty use property.  To get a quote, click here, or call The Agent Insurance Services today to get the process started.