Information for Landlords
Landlords: Should You File a Claim?
While occasional property damage is an unavoidable reality of being a landlord, it’s important to carefully consider when you should file an insurance claim. Claims––especially multiple claims––will often make your rates increase when your policy comes up for renewal. As a policy holder, you have a right to file a claim when you incur damage…
Read MoreMitigating Risk: Dogs and Animals
Have you had a tenant ask to own a dog or other animal at one of your rental properties? Consider carefully before you answer. Whether or not you utilize an LLC to compartmentalize your risk, we recommend umbrella insurance to all real estate investors for additional protection against lawsuits. But even an umbrella policy may not…
Read MoreDoes a policy on a multi-family home cover loss of rental income?
A good one should provide at least 12 months of lost income if your multi-family is damaged by a covered peril. More can be added to ensure that you have enough money to cover for the rent you can’t collect while the house is being repaired.
Read MoreWhen do I need a landlord policy?
If you completely rent a one to four family house and there is not a business on the premises, you need a landlord or dwelling insurance policy. Dwelling policies are similar to home insurance in many respects but are more expensive, as there is a greater chance of having a claim when the owner is…
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