Landlord Insurance: Safeguarding Your Rental Property
The loss of rental income may be one of your main concerns as a rental property owner. Landlord insurance protects against natural events and those that a tenant causes. Learn how landlord coverage can benefit you.
Weather-Related Damage
Severe weather could damage structural materials, plumbing systems, and other essentials needed for safe occupancy. Landlord property coverage will prevent monetary loss directly resulting from a natural disaster. The funds dispersed when a claim is approved can be used to rehabilitate a rental unit and the land on which it is located. Weather events can occur when a landlord least expects them. For this reason, it is vital to have essential property coverage when a new landlord policy is being purchased.
Theft Protection
Theft protection will cover the cost of replacing stolen items from a rental unit. This type of insurance will cover furniture, building materials, and any other valuable items.
Tenant Damage Coverage
Tenant damage protection covers damage that a tenant is responsible for. If a tenant vandalizes or breaks items on or in rental property, the coverage will reimburse the landlord for out-of-pocket costs.
Unoccupied Coverage
A weather event or criminal activity could require repairs that temporarily make a rental uninhabitable. A landlord can seek insurance coverage that will provide financial relief during this type of situation.
Insurance Services in San Diego
Seek services that will help you acquire the insurance protection you need. When consulting with one of our Let’s Insure agents, tell them about your rental property. An agent who serves the San Diego, CA area will advise you on landlord insurance products you want.
