Insurance For Rentals Property
Rented property insurance, also known as landlord insurance, is the type of financial protection you need if you are renting out property as a source of income.
No, if you are a rental property, your rental property insurance covers the structure of the building and your financial interests in the property, but your policy does not cover the personal property of the tenant or guest.
Compared to owning a shared home, renting a home increases your exposure to certain risks, such as liability issues associated with tenants and their guests, and your insurance company will not cover certain risks under the homeowner's policy unless you actually live. in my house.
In other words, you don't want to insure all of the tenant's assets in the property, and you need to protect your rental income in the event of a loss. Although not required by state law, renters insurance is the only way your renters can protect their property, as their personal property is not covered by landlord insurance.
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