Understanding Rental Property Insurance
Rental property insurance can also be referred to as landlord insurance. It covers the unique risks taken when a landlord rents out his or her home for a specific period. Some of the risks it covers include liability costs, loss of rental income for the landlord, and property damages. You need rental property insurance regardless of whether you are renting out a condo, a vacation home, investment property, or any kind of rental property. By taking out this insurance cover, you safeguard yourself against the financial risk of allowing tenants to live on your property. Here, we will be delving into rental property insurance.
It is normal for you to find variances in different agencies’ rental property insurance covers...Read More