We specialize in insuring rental properties for landlords as a result of many business owners having real estate investments
What is covered by landlord insurance?
The policy will normally cover standard perils such as fire, lightning, explosion, earthquake, storm, flood, escape of water/oil, subsidence, theft and malicious damage. Each insurance policy is different and may or may not include all these items. Optional coverage might include accidental damage, malicious damage by tenant, terrorism, legal protection, alternative accommodation costs, contents insurance, rent guarantee insurance, and liability insurance.
Landlords' insurance policies typically do not cover any personal property belonging to tenants, or otherwise protect the interest of tenants; although a liability policy protecting a landlord or property manager will be of benefit to tenants should they incur a loss for which the landlord is responsible.
Wrongful eviction coverage can be found within the definition of “personal injury” if it is in the policy. “Personal injury” is often defined as including “wrongful entry or eviction or other invasion of right to private occupancy.
Have a question? Fill out the form to get in contact with us!