Landlord Insurance

What is Landlord Insurance?

Landlord insurance, also known as dwelling fire insurance, covers your rental home if it’s damaged or destroyed by a covered cause like wind or fire. It also provides liability coverage in the event someone is injured on the property and you’re found responsible. Landlord insurance does not cover the personal belongings of the tenant.

Do I Need Landlord Insurance?

Landlord insurance is important to have. It protects your investment from accidents and helps protect you from liability exposures. This is especially crucial on a property you rent out since, unlike your home, you aren’t there every day to spot potential risks. Although landlord insurance isn’t required by law, it is a must have.

What Types of Coverage Are Available?

  • Property Coverage: Pays to repair or replace the property if it’s damaged from a covered loss like hail or fire.
  • Liability Coverage: Covers you if someone is injured on the property and you’re deemed responsible.
  • Loss of Rents Coverage: Pays for lost rents if the property becomes uninhabitable due to a covered loss.
  • Water & Sewer Backup Coverage: Pays for damages resulting from sewer backups.
  • And More

Insurance is better with Nadon Insurance Agency