Owners of rental properties would be wise in purchasing landlord house insurance. Guarding against unforeseen circumstances that can happen on your property will prevent you from being held personally liable, as well as protect your assets from damage. As a landlord you already have more than enough to deal with, so why not allow landlord house insurance to help ease some of your burdens?

Always be prepared with insurance
Property owners have to be prepared for the unexpected when it comes to their rental properties. Any damages, personal injuries, or natural disasters can result in the displacement of tenants, liability claims, and costly repairs. Even the slightest interruption in income can pose serious problems and result in financial strain. Purchasing landlord house insurance can help you ready yourself for almost any potential problem and not suffer because of it.

Is homeowners and landlords house insurance the same?
The coverage offered by landlord insurance is different from homeowners protection in that, it is specifically designed to cover property that is used as rental property and generates income as a result of it. Landlord insurance policies also provide cover for the owners contents and provide them liability coverage.

Key benefits of landlord insurance
Although every policy is different, almost all landlord house policies provide:

Building insurance- Protecting your property against fire, flood, or other elements of destruction is so very important. Building insurance will cover the costs of repairs and complete reconstruction in the event your home is damaged or destroyed.

Contents insurance- Your property within the home should also be covered. Furniture, appliances, and other valuables will require separate contents insurance coverage in order to adequately protect them.

Loss of rental income insurance- In the event that you are unable to generate income from your property due to building repairs, damage, or any reason that is reasonable and allowed for in your policy, you can count on loss of income insurance to keep you up and running.

Damage, theft, and vandalism insurance- If your property is damaged or stolen you can use this insurance to conduct repairs and replace your property.

Landlord and employers liability insurance- If tenant and employee injuries occur on your property, this coverage will protect you from claims made against you.

Protect your property and its contents with landlord house insurance from 1Cover.com