Things You Do Not Know Your Landlord Insurance Policy Covers

An Overview

Are you a new landlord? Well, you are in an appropriate place. Landlord insurance is quite similar to homeowners’ insurance, except its coverage options. Landlord insurance (also known as rental-property insurance) provides coverage in case the property your rented gets damaged. Rider Insurance is an independent insurance agency that provides landlord insurance in Maryland. If you have any plan to rent out your property, then you need landlord insurance policy to protect your possible loses.

Following Are A Few Things That Landlord Insurance Policy Covers:

 Protection for your Rental Property against Different Types of Damage

 Loss of your Rental Income

 Protection for your Rental Property Equipment

Protection for

your

Rental Property

Against Different Types of Damage

In case, your rental building gets damaged, landlord insurance policy can help you with financial loses. Here are a few common causes of loss that typically covered:

• Wind and Hail

• Smoke

• Fire and Lightning

• Damage by Vehicle or Aircraft

• Freezing of plumbing

• Civil Commotion and Riot

• Explosions

Loss of your Rental Income

If your rental property is damaged and your tenants cannot stay in such property, then the loss being repaired by landlord insurance policy. Isn’t it beneficial? So, one should definitely invest in landlord insurance policy.

Protection for your Rental Property Equipment

One of the major advantages of rental insurance is that it provides coverage for landlord policy. Rental property equipment includes: Refrigerators, Dishwashers, AC Units, Snowblowers, Lawnmowers, Leaf Blowers, Washers and Dryers. In simple terms, investing in landlord insurance policy can help you protect equipment of your rental property. Apart from this, landlord insurance policy provides coverage against burglary.