What is covered by rental property insurance?

A rental property policy may cover lost revenue if damage to the property prevents you from renting it out for an extended period of time, in addition to damage to the building and your personal property (such as included furniture). The policy may also provide liability coverage in the event that a tenant sues you for injuries sustained while on the property.

What isn't covered by a rental property insurance policy?

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One thing to keep in mind is that most insurance do not cover lost income if a tenant fails to make rent payments or the costs of evicting a renter if necessary.

Can you provide insurance for both short-term and long-term rentals?

Whether you are renting out your house for a few weeks or months at a time, you will need to have different coverage for your property.

Covers the dangers associated with renting out a house.

When you rent out your house, there will always be unexpected dangers. That is why rental property insurance is so important. Other covered risks may include any expenditures you incur to move a tenant into or out of the property while repairs are being made, as well as any compensation you must pay to a renter if damage disables heating or air conditioning.

If you have any queries about rental property insurance, please contact us.