Rental Property Insurance
Many realtors manage rental properties for their clients. These homes may be leased long-term or rented weekly, monthly, or seasonally. Specialized rental property insurance coverage is available for each of these situations.
The Homeowners Error
A standard homeowners policy is often not the correct insurance policy for a rental property. If the property owner does not use the premises as their primary residence, it may not even meet the definition of a covered property under such a policy. The reason is a homeowners policy assumes the home is used as the primary residence. Rental properties are subject to a different set of risks and therefore often require different insurance.
Dwelling Fire
Most often, a dwelling fire policy is the proper vehicle to insure a rental property. There are several different types of these policies and they are written for properties where the owner resides elsewhere. Don’t let the name mislead you – a dwelling fire policy covers much more than just fire. It can also provide the special liability coverage needed when offering premises for use by another. Should a tenant be injured on property owned by your client, a dwelling fire policy is designed to protect the landlord. More Detail >>
Our Business Is Built On Referrals
Should your clients ever have insurance questions, please refer them to Bankers Insurance. We take your referrals seriously and handle them with extreme care. We are local, so we not only understand rental property insurance, but we know the area. Thank you for allowing us to earn your trust. Rest assured we are committed to No Excuse Customer Service.
Give us a call at (800) 541-1419 for more information. Each one of our clients is assigned a personal agent in our office.
Was this post helpful?
- Forward to your coworkers or friends using the email button below.
- Share it on Facebook or Twitter. Links below.
- Join our mailing list.
Comments are closed.