If you are a landlord, you will most likely need to insure your rental property from any unexpected damage so as to avoid losing everything you have worked so hard to build. Insurance companies have various insurance packages tailored for landlords looking to insure properties they own any content therein from certain perils such as theft and accidental fires. Renting out a house to a tenant has its risks such as having a tenant injured in your premises. Some reckless tenants can also damage your property, leading to outrageous renovation costs. Heidi Kussurelis Agency in Canton can help safeguard your property and give you peace of mind.
Landlord insurance can cater for any rehousing costs caused by an insured event such as an earthquake, a break-in, flooding or other unforeseen events. Landlords with many properties can also take up landlord insurance to ensure they cover all the assets in their portfolio under a single insurance policy. For many landlords, the risk of losing money after a tenant moves unexpectedly without paying rent is very real. Landlord insurance can ease the fears of your tenants bailing out on you by covering all moneys lost due to non-payment of rent. One of the less known benefits of getting insurance coverage for your rented properties is that you get a rent guarantee. This means that the insurance company will reimburse any money lost after a tenant is unable to continue paying their rent, and it will also cater for all legal fees associated with filing a lawsuit in case you as the landlord opt to evict the tenant.
Landlords with furnished properties have a lot to lose In case of property damage by the tenant or from other causes such as natural disasters. Heidi Kussurelis Agency in Canton can cover the cost of replacing old and damaged content in furnished houses and offer emergency assistance to landlords in need of immediate repairs to furniture in their rented properties. Even for properties that are unfurnished, landlords should consider getting Landlord Insurance in Brighton as it will ensure content such as carpets and light fittings are insured against damage or loss.
