Renting out your property(s) is always a popular option. It is, after all, a passive and potentially-very-lucrative income stream when you have the property and the tenants.
Being the owner of a rental property, however, is not without its risks and liabilities. You could lose it to a fire, a storm, and other disasters. You could be renting out to a tenant who not only neglects to take care of the property he or she is living in, but actively vandalizes it and causing damage from within as well. More often than not, the security deposit barely covers the damage he or she has inflicted on your property.
There’s also the possibility that you might find yourself at the receiving end of a liability suit if an injury or death occurs within your rental property.
Here at Bennett & Porter, we understand that as the landlord, you need to protect yourself and your property, and the best way to do that is to get rental property insurance.
Insurance for rental properties typically covers losses due to fire, damage, burglary, and vandalism.
If you get comprehensive insurance on rental property, then you will also be able to cover losses that may arise from a liability suit.
Contact us at Bennett & Porter today, and we should be able to provide the kind of insurance rental property owners like you deserve. Our Insurance Advisors will make sure that your property insurance policy will be exactly what you need to protect yourself from the risks of being a rental property owner.