Owning rental property can be a great investment. To help you manage expenses, you need affordable rental property insurance. Fortunately, at Safeguard Insurance we have been working with landlords for nearly 20 years and can help you find the right rental property insurance, at the right price.
Landlords should remember that homeowner insurance is not intended to cover a rental property. One of the requirements of a home policy is owner occupancy. A landlord policy, also known as a dwelling fire policy, on the other hand, does not require the property be owner occupied.
Dwelling Fire Policies
Dwelling fire policies are similar to home insurance in some ways. Coverage is provided for the dwelling or structure and similar cause of loss forms are available. Liability coverage is also provided, although typically using an “owners, landlord, tenants” form that may limit coverage to the listed location. A dwelling fire policy may also offer loss of rental income coverage, in the event a tenant is forced to vacate due to a covered loss.
Affordable rental property insurance does not mean cheap insurance. A quality landlord insurance policy will balance cost with coverage. An experienced insurance agent knows how to keep your rental home insurance costs low without slashing coverage. For example, we might recommend a deductible of $1000, or higher, to lower the premium. For owners of multiple rental properties, we might recommend a commercial policy that covers many homes.
The team of professionals at Safeguard Insurance has access to numerous rental property insurance programs. We work only with A-rated insurance providers such as Travelers, Safeco, CSE, Berkshire Hathaway, Acuity, First American, and Nationwide. We can provide quotes on homes of all ages, condition, and claim history. We can cover homes owned by an LLC or trust.
Affordable Rental Property Insurance Quotes
If you are looking for affordable rental property insurance, contact Safeguard Insurance for a no-obligation policy review and quote.
Safeguard Insurance offers rental property insurance quotes in Nevada, Utah, Arizona, California, New Mexico, Idaho, Washington, and Oregon.