Five Things to Know About Landlords’ Insurance
If you’re a renter or have been one in the past, you probably took out a renter’s insurance policy to cover your belongings. Did you know being a landlord also carries certain risks and responsibilities for which insurance coverage is advisable? Here’s why you should look into getting landlord’s insurance:
You can’t always control what happens on your property. Time and again, landlords have been spared substantial liability costs because they carried the right insurance, such when a tenant’s dog seriously injured a neighbor, or when a delivery driver and fell on the steps of a client’s rental home.
An agent can help you find the right coverage. Will this be someone’s primary residence, or a vacation rental, or are you renting out a spare room in your home? An expert agent will find out exactly what coverage you need and get you the best price.
Rental income could be replaced. If an insured event makes the home unlivable for a while, your insurance might help take some of the sting out of losing that monthly cash flow.
Real estate is a big investment. That’s why you should protect it inside and out, whether it’s a family dwelling, condo, co-op, or multi-family structure.
No one cares for your property like you do. In some cases, insurance can protect you from having to pay for damage others leave behind.
Visit LongandFoster.com/insurance to learn more. Or call 1-866-275-4534.
Your Long & Foster Insurance agent will comparison shop many different insurers’ plans to design a solution that fits your needs and budget.
Marnie Schaar & Associates Long & Foster Real Estate are licensed Virginia Real Estate Agents Email: Marnie@LNF.com · Cell: 703.509.3107
2100 Reston Pkwy Suite 102 · Reston, VA 20191
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