Finding the Best Landlord Insurance
(Like a boss… of a rental property)
Operating a rental property may sound like a great way to make a buck or two, but a lot more goes into it than just cashing rent checks and unclogging toilets. The last thing a landlord needs to think about is the unthinkable.
Which is why the first thing you should think about is landlord insurance. Our independent insurance agents handle all the behind-the-scenes dirty work, digging up the best prices and coverages for you to keep your property protected.
What Is Landlord Insurance?
It’s pretty similar to homeowners insurance. The difference? You don’t sleep there. Or maybe you do, we don’t judge. But, basically, it’s designed to repair, replace or recover the value of what you choose to have under coverage if it’s damaged due to a number of causes.
Is Landlord Insurance Mandatory?
Nope. Well, not really. If you have a mortgage on your rental property, it’s likely the lender will require you to have insurance protection before you lease to tenants, but otherwise it’s all up to you. Do we recommend it? Always.
How Much Does Landlord Insurance Cost?
Depends. How many properties are you insuring? What’s the property value? How much liability insurance do you want to tack on? These, and other factors, will determine the price, but expect to pay 15%-20% more for landlord insurance than you do for homeowners.
Where Are the Landlord Insurance Discounts Hiding?
To start, combining policies for all your properties and vehicles, and raising your deductibles, are two easy ways to drive down costs. You can also get lower rates and discounts for increasing safety measures and upgrading your property.
Comparing Landlord Insurance Quotes
Our gifted agents will review your rental property needs and help you evaluate the landlord coverage options that make the most sense. They’ll also compare policies and quotes from multiple insurance companies to make sure you have the right protection in place. So you’ll have that going for you.
What’s So Great About an Independent Insurance Agent?
It’s simple. Independent insurance agents simplify the process by shopping and comparing landlord insurance quotes for you. Not only that, they’ll cut the jargon and clarify the fine print so you know exactly what you’re getting.
Plus, our agents work for YOU and not one insurance provider. Actually, they’re the only agents who can check policies from multiple carriers to find the right coverage at the best price.
Most importantly, they’ll be there to help you when claim time comes. The outcome of landlord insurance claims can be strongly impacted by how the process is approached and handled.