A well thought-out rental property insurance policy for landlords includes enough coverage to protect the value of the property and its assets.
The policy should provide protection for most perils although flood insurance usually involves a separate policy.
It is highly recommended that owners of rental property also consider a general liability policy which covers injuries or losses suffered by others on the property because of defective conditions.
General liability insurance also includes coverage for the legal costs associated with defending against a personal injury lawsuit. In addition, these policies provide protection against the loss of rental income while the building is being a repair from a peril covered in the policy.
We’ll be happy to discuss with you additional coverages to further protect you against other non-injury related hazards, including:
- Wrongful eviction
- Invasion of privacy
We’re here to help you protect your investment with a policy and options that meet your individual needs and budget, so please feel free to call us at (401) 821-7330 or send an e-mail request for more information about rental property insurance.
Learn more about other residential insurance products we offer, including: