|
|
Rental Property Insurance
Property investments are very common. One example of a property investment is the property – be it a house or an apartment unit – you rent to others. If you are a landlord, you have very little control over the physical damage that can happen to your property investment. This is why you need a proper rental property insurance to cover the cost of these damages.
How does rental property insurance offer protection?
Landlords can protect themselves from losses caused by many perils, including fire, storms, burglary and vandalism, through a well-planned rental property insurance policy. Liability insurance and coverage for injuries or losses suffered by others can also be included in a comprehensive rental property insurance policy. Moreover, the liability clause in a rental property insurance policy can pay for the costs of defending personal injury lawsuits and lawyer’s bills.
Tips on choosing the right rental property insurance
When you purchase rental property insurance, make sure that you have enough coverage to protect all property values and assets. Also, be sure that the rental property insurance policy covers injury, including physical or legal, such as libel, slander, discrimination, unlawful and retaliatory eviction and invasion of privacy.
Rental Property Insurance Companies
Many insurance companies are selling rental property insurance policies. Provided below is a short list of these companies and the basic features of their rental property insurance policies.
AAA Insurance Rental Property Insurance
For its rental property insurance, AAA Insurance has allied itself with Balboa Insurance Co. to provide better insurance coverage for you. Their rental property insurance features a Dwelling Fire policy. This rental property insurance policy offers protection from most direct physical losses for your residential rental properties and other structures attached to them. During the process of repairing or reconstruction after a loss, the AAA Insurance rental property insurance policy covers up to 10% of the total cost.
LandlordZone Rental Property Insurance
Landlordzone is an online insurance company based in the United Kingdom. They offer rental property insurance for residential properties like houses, flats, maisonettes, etc. and also for commercial properties like shops, offices, and workshops.
LandlordZone also provides rental property insurance coverage for HMO (Houses in Multiple Occupation), Holiday Lets and Letting Businesses, Student Lets, Unoccupied Property, Public Liability, Lodgers, Asylum Seekers, and Housing Benefit. The rental property insurance that they provide for landlords and tenants include Tenant’s Insurance, Rent Guarantee, Legal Expenses, Emergency Assistance, Business Insurance, Property under Construction, Bed & Breakfast, and Second Homes.
MORE RESOURCES:
New Waterford trims property insurance costsSalemNews.net, OH - Dec 26, 2008Fiscal Officer Mike Harold said the village's property insurance will cost $8463 less than it did last year. This year the village will pay $16542 while ... |
China Guodian to enter property insuranceChina Daily, China - Dec 17, 2008By Wang Lan (chinadaily.com.cn) China Guodian Corporation is considering setting up a property insurance company in Beijing to diversify business into other ... |
Property-Insurance - Google News |
|
