As a Landlord you may be familiar with Landlord insurance, but do you need Landlord Insurance? The most common answer is yes, however, the reason why varies from person to person and property by property.
What Landlord Insurance Covers:
Insurance policies typically cover property damage, rental loss, and in most cases, it will pay for loss of rent or Landlord liability claims. Landlord Insurance does vary depending on the Landlord Insurance company you go with.
Landlords insurance can be fairly expensive, unlike Homeowner insurances, depending on the level of Landlord Insurance needed. Landlord Insurance can cost between $300-$2000 annually, so Landlords make sure to get insurance quotes for Landlords policies before they decide to purchase Landlord Insurance.
All of Locate Property’s clients have a certain level of cover when they come on board.
The companies that we have had the best experience with are as follows:
Disclaimer: The above article should be seen as a guide only. It is highly recommended you do your own research before deciding on your Landlord Insurance company.