If you’re renting out your property to someone else, you need a policy designed for landlords.
Homeowners policies only cover owner-occupied homes, so if you’re renting out your property, you need landlord insurance. Most policies include the following types of coverage for landlords:
At Alaska USA Insurance Brokers, we work for you, not for the insurance company. Here’s what we do to ensure that you get the coverage that’s right for you.
Yes, you do need landlord insurance, even if your tenants have renters insurance. Landlord insurance covers issues with the building, while renters insurance typically insures the tenants’ belongings.
No, most homeowners policies only cover homes that are owner-occupied. If you are renting out your property, you need a policy that’s designed specifically for landlords.
Liability coverage can protect you if there’s an accident or injury at your rental property. For example, if your tenant trips and falls on an icy walkway, that would typically be covered by liability coverage.
No, as with most home insurance policies, normal wear and tear and maintenance costs are not covered under landlord insurance.
Depending on your situation, it might make sense to get additional coverage for floods and earthquakes. Your insurance broker can discuss your options with you and help you decide how much coverage you need.
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