InsuranceAgents.com publishes an article to urging landlords to protect themselves and their property with landlord insurance.
It’s a very specific type of homeowners insurance designed for those who own rental property and are interested in protecting themselves.
Chicago, IL (1888PressRelease) July 25, 2009 - Do you own rental property? If you do, you may be in need of landlord insurance. It’s a very specific type of homeowners insurance designed for those who own rental property and are interested in protecting themselves and their property against all possible mishaps.
You never know what event could find you in serious need of landlord insurance, according to an article recently published on InsuranceAgents.com, which gives a scenario in which landlord insurance would be extremely helpful to have.
“Say your rental property was badly damaged due to a fire, forcing the tenants to move out either temporarily or for good. The rent is not getting paid and the damage is very costly. You landlord insurance policy would cover the cost to repair your property and pay the rent while the tenants are evacuated,” according to the article.
A rental property is a valuable source of income, especially in today’s unpredictable market and slumped economy. As a landlord, it’s in your best interest to guard your source of income, namely your property, from possible damage or destruction.
There are different kinds of landlord insurance: landlord house insurance, landlord building insurance and landlord content insurance. Talk to a homeowners insurance agent today to discuss which best fits your situation. Also, look for insurance quotes and comparison shop so you can get the best policy coverage for the lowest rate.