As A Property Investor, Should I Get Landlord Insurance?

by | Jul 14, 2021

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:

Terri Scheer

Rent Cover

CorpSure


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.

10 Tips To Prepare Your Home For Sale

10 Tips To Prepare Your Home For Sale

Preparing a home for sale can mean a lot of different things depending on what state or province you live in, but for the most part, there are 10 basic things that will add maximum value to the final price when you sell it on the open market. 1. Accentuate Curb Appeal...

Top 10 Simple Ideas To Create Big Rental Returns

Top 10 Simple Ideas To Create Big Rental Returns

Every investor who plans to purchase a property for rental purposes has a goal: to generate cash flow from rents and increase the value of their investments over time. Here are our top ten ideas on how you can do some simple renovations to add maximum value to your...

Tenants Breaking the Lease? Here’s What You Need to Know

Tenants Breaking the Lease? Here’s What You Need to Know

The most important thing is knowing your tenant's rights and responsibilities. If a tenant breaks a lease, they may be liable for rent until their new tenancy begins or until the end of the term, whichever occurs first. Keep in mind that if a renter breaks their...

10 Best Brisbane Suburbs For Property Investing

10 Best Brisbane Suburbs For Property Investing

If you're looking for a rental property in Brisbane, then it's important to know which suburbs are performing well. This list of the Top Ten Performing Suburbs is based on data from 2021 and will help you decide where to invest your money. Being aware of how different...