Rental Property Insurance

Whether you are investing or renting your home due to a depressed marketplace, you need a special type of policy.  A policy that’s designed to protect the unique exposures of a landlord.

Not All Policies Are Created Equal

Unlike modern homeowner’s policies, which typically cover many potential types of damage, landlord policies can be sold with only minimal coverages.  Ask your agent if your policy covers basic perils, broad perils, or special form perils.

Inform Your Renters

Inform tenants about renters insurance.  You will be making your tenant aware that your policy doesn’t extend to their belongings.  If they are negligent in causing a fire their liability protection may pay for the damages, avoiding your insurance deductible and the potential rate increase for having a claim on your policy.

Owning rental properties increases your risk of being named in a lawsuit.  An umbrella policy is the best way to limit your exposure, providing a high coverage limit for a small price.

Questions regarding rental property insurance or renter’s insurance? Call 406-222-0944 and speak with a qualified agent.