Southern Insurance Associates
by AJaye Brown on Jul 21, 2014
Cover Your Investment When Renting Your House, Condo or Apartment
Property investors who lease homes, condos and apartments to tenants often purchase landlord insurance to protect those investments. If you are a new owner of a rental property, or you want to compare landlord insurance quotes to find a better deal, the following information and tips may help you.
First and foremost, know that an independent agent in your area can help you compare quotes and obtain the right coverage for your property. No two rental properties are alike, and it is important to get the right level of coverage based on your specific risks and the type of real estate you own. Get customized landlord insurance quotes and all the information you need to make an informed decision from AJaye Brown with Southern Insurance Associates in LaFayette, GA.
You might think of this policy as homeowners insurance for landlords. As with homeowners insurance, your policy will cover the structure itself, in the event that it is damaged by any number of causes, such as storms, fire or malicious acts. The policy will also typically provide liability protection to cover injuries to anyone on the premises in the event that these injuries are deemed to be your fault or the result of negligence on your part.
A basic landlord insurance policy will typically include:
One key difference between home insurance and insurance for landlords is that you typically do not need to insure personal property such as clothes and jewelry. Because your tenants are responsible for insuring their own belongings with renters insurance, your coverage does not need to include personal property insurance, except to cover tools and other items associated with your property maintenance.
If, however, you are leasing a furnished home or apartment, you will need to purchase contents coverage for the belongings in the leased space.
Contact Southern Insurance Associates in LaFayette, GA today for a look at your Landlord Risk and Coverage options. 706-996-8788 or Info [at] SouthernInsuranceAssociates [dot] com.
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408 N. Main Street
La Fayette, GA 30728
7579 Nashville Street
Ringgold, Georgia 30736
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