A typical landlord insurance policy might include coverage against property damage, liability against tenant lawsuits, medical expense coverage if someone is injured on your property and rental reimbursement in the event you can’t find paying tenants because of property damage. Some policies let you pay to add other forms of insurance protection. These could cover the contents of the unit if you’re renting out a furnished apartment, for example.
- Property damage: Should your property have damages stemming from fire, natural disasters or gas or electric issues, you’ll be covered.
- Liability protection: If your tenant or a visitor is hurt on your property due to something in your control, you’ll need this coverage. This could be something like a bug infestation or un-shoveled sidewalks.
- Rental default/loss of income: This covers when your tenant defaults on their payments or your property becomes unlivable. Should this occur, the policy will cover you for the lost rent money.
If you’re interested in learning more about landlord insurance coverage, contact Florida Insurance Hub. Our goal is to help you manage your landlord insurance risks and to protect your assets. Selecting the best insurance coverage for the best value is important. For this reason, Florida Insurance Hub represents over 50 top insurance companies offering solutions to fit individual needs and resources. Florida Insurance Hub is an independent insurance agency serving all of Florida, including Titusville, Melbourne, Panama City, West Palm Beach, Tampa, Naples, Jacksonville, and Miami. We provide personal and commercial insurance quotes for homeowners insurance, auto insurance, flood insurance, umbrella insurance, commercial auto insurance, and business insurance. For a complimentary risk assessment, contact Florida Insurance Hub.