Landlord’s Insurance
Saunders Insurance Agency
Connecticut Landlords Insurance
Rental property insurance, otherwise known as Landlord Insurance, protects property owners against certain risks taken when they rent out their properties to tenants. This common type of insurance safeguards against loss of rental income and costly damage to a property caused by accidents or natural disasters. Landlords can gain peace of mind knowing their properties are covered by policies offered by Saunders Insurance Agency.
Rental Property Insurance Coverage
For landlords, there are many risks and liabilities associated with renting out your property. Make sure to speak with the highly experienced insurance brokers at Saunders Insurance Agency to acquire the right amount of coverage needed to protect your investment. Our policies are designed to offer a sense of security for landlords and their related property.
Check out the various areas of coverage a rental property insurance policy provides:
Dwelling Coverage
Dwelling coverage covers direct or accidental physical loss to your rental dwelling and any personal property located therein. Your insurance policy may help pay for the repair or rebuilding of the physical structure if it becomes damaged by a covered hazard.
Landlords Personal Property Coverage
Keeping the building neat and clean is a duty most landlords take on. As a landlord, you may leave personal property used to service the rental on-site, such as lawnmowers or snow blowers. If this equipment is stolen or damaged, it may be covered under your personal property policy.
Liability Coverage
If a person were to be injured on your property, you could be liable to pay medical expenses. Liability coverage as part of landlord insurance may help you pay for another person’s legal expenses or medical bills in the event that the person is injured on your rental property and you are found responsible.
Loss of Rent Coverage
In the event of an incident, landlords can worry less when they have proper insurance coverage. Loss of Rent coverage will reimburse a landlord for lost rent if the income loss is caused by a covered claim. This may occur if your rental property becomes uninhabitable due to a fire, storm, or other covered incident.
Landlord Insurance
Protect your investment with Saunders Insurance Agency!
Speak to a Landord’s Insurance specialist at Saunders Insurance Agency today!
