Landlord Insurance Insurance Rochester Hills
Rochester Hills residents become landlords for a variety of reasons. Our agency deals with real estate investors who made a conscious decision to invest in rental properties and also folks who just kind of fell into it by chance. The downturn in the economy that started several years back led to decreasing home prices and endless opportunities for real estate investing. As a result the number of landlords has drastically increased.
Our independent insurance agency represents multiple top-rated insurance carriers and we specialize in Rochester Hills landlord insurance. We speak with landlords on a daily basis and we understand the unique challenges that you encounter. In fact, the founders of our agency are real estate investors as well.
Renting out a home can be financially rewarding or devastating. In order to avoid the latter you have to prepare for the unexpected and protect your investment. The most comprehensive way to cover your Landlord Insurance is with Landlord Insurance insurance Rochester Hills.
What Do Rochester Hills Landlord Insurance Insurance Policies Cover?
Policies can vary from one company to the next so be sure to discuss your specific needs with a licensed insurance agent.
A typical policy may consist of the following:
• Property Damage: This will provide coverage for your dwelling and any detached structures like a detached garage or a shed
• Loss of Income: In the event that you have damage to your Landlord Insurance causing it to be uninhabitable, your policy will help compensate you for the rental income you are losing during the repairs
• Liability Coverage: This is perhaps the most important coverage area that is often overlooked. If your tenant or a visitor gets hurt on your Landlord Insurance you could find yourself in a legal nightmare. Liability coverage protects you and your assets in the event that you are sued
Who Needs A Rochester Hills MI Landlord Insurance Insurance Policy?
The simple answer to that is anyone who rents out a property. If you rent out your home a standard home insurance policy will not provide adequate coverage. Homeowners insurance is meant to provide coverage for people living in a home that they own. If you rent your home out, most insurance carriers will consider your home insurance policy null and void. That is why each and every landlord needs to purchase an Rochester Hills Landlord Insurance insurance policy.
Where Can You Purchase Landlord Insurance?
I’m so glad you asked! If you are ready to partner with an insurance agency that truly understands the needs of landlords, then we’ve got you covered. In addition to being highly knowledgeable, we will also most likely save you money. With all the carriers that we represent we are bound to find you some savings without sacrificing coverage.
Give us a call now at (248) 707-2560 for a FREE quote. You can also begin your quote right here on our website if you prefer.
Landlord Insurance Insurance Rochester Hills (248) 707-2560