Being a landlord can be a lot of work and comes with some well-known risks. From maintaining the property to managing tenants, landlords are exposed to potential lawsuits on a daily basis.
If you’re ever found liable for someone who is injured on your property, or if you are required to pay for damage done to someone else’s property, it can end up costing you heavily.
If your property is damaged, you could end up facing significant repair costs and the loss of rental income at the same time.
Landlord insurance coverage is designed to help protect you and your investment property.
There is no such thing as a one-size-fits-all policy when it comes to Landlord insurance. At JPS you will work with a licensed agent that will take the time to help design a customized policy to fit your needs:
What kind of property do you own? Your coverage needs may vary depending on whether your renting out a condo, a duplex, an apartment building, or a single family home.
Who’s renting from you? We can help address your specific liability insurance needs whether you have single family, multi-family, student housing, senior living, or vacation rentals.
How much coverage do you need? For some properties the replacement cost of a total loss may be considerably more than the purchase price. We have options whether you choose to protect only the amount you’ve invested or what it would take to rebuild.
Is your rental property furnished? Let’s discuss whether you need coverage for a fully furnished home, appliances only, or no contents coverage at all.
How about loss of rents, tenant loss of use coverage, and increased liability limits?
We could go on but you get the picture…