Rental properties are valuable assets and supply you with a significant source of income and as the owner of an apartment, home, condo, or other property, you can be prepared in the event that your investment is damaged. Landlord Insurance policies can be written to suit your needs and options such as Personal Property Insurance, Liability, Medical payment coverage and more can be included to accommodate the special risks that you as a property owner may face. Landlords Insurance can also cover:
- Damage to your property or other attached structures from a fire, natural disaster, or other peril, including damage caused by tenants
- Expenses you may be legally obligated to pay for the property damage or medical payments in the event of injury
- Legal counsel and fees in the event of a related lawsuit
- Additional expenses to make up for lost income if your property needs to be repaired through loss of use
Because of the variety of options available, an insurance specialist at Lions & Coventry Insurance Services is available to make sure you have the right amount of coverage for your rental property at a price that meets your budget. With the benefits of a Landlords Insurance policy, you can rent to tenants with the confidence of knowing your investment is secure.
Contact an insurance specialist at Lions & Coventry Insurance Services today to learn more about Landlords Insurance options.