Do I Need Landlord Insurance?
If you’re renting out a property you own to tenants, homeowner’s insurance might not be enough to cover the complications that can arise from having someone else living in your home, condo, or apartment. For instance, homeowner’s insurance might not cover certain liability issues such as vandalism and other explicitly named scenarios, which is where landlord insurance comes in. Our Marina del Rey area insurance provider have a wide range of policies to choose from so you can tailor your coverage to what you need.
What Does Landlord’s Insurance Cover For Marina del Rey Area Landlords?
At its most basic level, landlord insurance covers damage to the dwelling done by fire, lightning, wind, hail, or other covered losses, other structures on the property such as detached garages or fences, and personal property used to service the rental. This includes things like lawnmowers and snowblowers that could be used to maintain the landscaping or the building itself.
Another part of landlord insurance covers liability, which can help pay for things like another person’s medical bills or your legal expenses if someone else is injured on your rental property and you’re found responsible.
Any vandalism or burglary can be covered under landlord insurance as well, and additional coverage can be purchased to protect your property while it’s under construction or if you’re forced to pay up to keep up to code with things like wiring or ventilation.
Marina del Rey area shoppers can take a look at our landlord insurance policies to request a quote and see what type of coverage suits them best.
Contact us today at (310) 309-1311 with any questions about landlord insurance or any of the policies in our full lineup of insurance products. We’re looking forward to keeping you covered so you can rent your property out to tenants without any added stress.