Landlord Insurance

A specific kind of insurance plan called Landlord insurance is made for property owners who rent out their homes to tenants. It offers protection against a range of hazards connected to home rentals, including property damage, lost rental income, liability claims, and legal costs.

It's critical to obtain landlord insurance if you're a landlord in order to safeguard your capital. You should be aware of the following main elements of landlord insurance:

Coverage for property damage: Theft, vandalism, hail, windstorms, fire, and other perils are all covered by landlord insurance if they harm your rental property. This coverage normally covers both the property's physical structure and any personal property that is kept on the premises.

Loss of rental income: If your rental property becomes uninhabitable due to covered damage, landlord insurance can provide coverage for the rental income you lose while the property is being repaired. This coverage can help you avoid financial losses during the repair process.

Liability coverage: Landlord insurance also provides coverage for liability claims that may arise from accidents that occur on your property. This coverage can help protect you from legal claims and the associated costs of defending against them.

Optional coverage: In addition to the standard coverage provided by landlord insurance, there are several optional coverages you can add to your policy. These may include coverage for floods, earthquakes, or additional liability coverage beyond the standard limits.

Landlord insurance is an important investment for property owners who rent out their properties to tenants. It provides coverage for a range of risks associated with renting out a property and can help protect your investment and financial stability. If you are a landlord, consider obtaining landlord insurance and taking steps to mitigate risks associated with renting out your property.

Here at Elevated Insurance Group we offer Landlord Coverage from several of the top-rated companies. E.I.G is an independent family-owned insurance agency located in Hershey, PA. Give us a call at 717-500-1978 for an insurance quote today.