Landlord protection insuranceLandlord Protection

So, you have decided to rent your property. You have become a landlord. As a landlord, you need insurance coverage. You need insurance that is tailored specifically to protect your rental properties from financial losses that can come in many shapes and sizes. A Landlord Protection policy gives you choices when purchasing the insurance coverage you need.

Dothan Landlord Protection Insurance

Rental property is truly a great investment, especially if you take appropriate steps to protect your assets with excellent coverage. It is vital that you make sure that you and your property are well covered when choosing a landlord protection insurance policy.

Protect Yourself

Landlord Protection liability insurance options also protect you and your spouse against personal injury claims, wrongful eviction claims, or wrongful entry claims as well as other non-bodily injury claims such as libel and slander. The policy will usually cover standard perils such as  fire, lightning, explosion, earthquake, storm, flood, escape of water or oil, theft, malicious damage, and gradual sinking of land. Because all insurance policies are not created equally, they are different in what perils they include so they may or may not include all these items listed above. Optional coverage might include accidental damage, malicious damage by tenant, terrorism, legal protection, alternative accommodation costs, contents insurance, rent guarantee insurance, and liability insurance. It is important to note that a Landlord Protection insurance policy generally does not cover any of the personal property that belongs to the tenants nor does it usually cover any of the other interests of the tenants.

Extra Coverage Doesn’t Have to Cost a Lot

Many landlords supplement their protective coverage with personal umbrella liability insurance so that they have even broader protective coverage. Talk to a professional independent insurance agent at Mallory-Tate Insurance Services, LLC. today about the amount of coverage that is just right for you.