If you own and operate rental properties, it is crucial to your long-term success that you have the proper insurance policies in place. We can provide you with the insurance information you need to make solid insurance choices at Manzanita Insurance, serving Prescott, AZ and the surrounding areas. Keep reading to learn more about landlord insurance.
What Is Landlord Insurance?
Landlord insurance is a type of insurance policy to protect landlords or rental property owners. This type of profession carries with it particular risk factors. As a landlord, you have invested a great deal of time and money in your properties. Those properties can be damaged due to fire, natural disasters, burglaries, and due to the neglect or vandalism of tenants. If you do not have the right insurance in place, you can be left financially devastated by one of these events.
What Does Landlord Insurance Cover?
This type of insurance policy will provide you with financial protection if your property is damaged or lost due to fire, natural disaster, burglary, or vandalism. Vandalism of rental property often happens when individuals destroy or neglect a property they are renting. This can leave a great financial burden on the landlord.
What About Flooding?
Landlords should be aware that flood insurance is usually a separate insurance policy that will need to be added to a regular policy.
How Much Coverage Do I Need?
The amount of coverage you will need will depend on your properties’ value and nature. An insurance agent can discuss these details for you to create a policy that suits your particular needs.
Please contact us at Manzanita Insurance serving Prescott, AZ and the surrounding areas to learn more.