Although it has some dangers, owning a rental property can be a wise investment. If something were to happen to your rental, you would not be covered by a typical home policy. This is where landlord insurance comes in; it protects your assets, money, and liabilities as a landlord.
What Is Covered by Landlord Insurance?
Property Damage: Provides coverage for replacement or repair expenses in the event that a fire, storm, vandalism, or other covered event damages your rental.
Liability Protection: Landlord insurance can assist in paying for legal fees and medical costs if a renter or guest is hurt on your property and sues you.
Loss of Rental Income: Your policy may cover you for lost rental income if a covered catastrophe (such as a fire or storm) renders your property uninhabitable.
Reasons for Needing It
Rental Properties Are Not Covered by Homeowners Insurance You might have to pay for damages out of pocket if you don’t have landlord insurance.
Guards Against Financial and Legal Risks Tenant lawsuits can cost you thousands of dollars, and accidents do happen.
Safeguards Your Investment: Your rental property is a valuable asset that needs the necessary insurance to stay safe and lucrative.
Our specialty at OKC Insurance Brokers is assisting landlords in locating the best insurance at affordable prices. To safeguard your rental property and your financial future, get in touch with us right now!
Is there anything specific you would like me to include, like coverage for short-term rentals?
📞 405-509-9433 Office
📧 info@okcinsurancebrokers.com
🌐 www.okcinsurancebrokers.com
