What Landlords Should Know About Insurance

landlords rental property insurance

Some property owners become landlords by design. They buy a house, or several, with the express purpose of earning extra income from renting the property out. Others may not have set out to be landlords, but being unable to sell their property, they have chosen to make it an asset by turning it into a rented home. Regardless if it was intentional or not, being the owner of a rental property means you need the right insurance to protect it, and to a large extent, those who call it home.

About Rental Property Insurance

  • If you rent out a portion of your home to others temporarily, then you may not need to acquire a separate policy from your homeowners insurance. The specifics would depend on your exact circumstances, and can be explained and decided upon during a one-on-one consultation.
  • Vital repairs and renovations can be costly, and rental property insurance can help lift the financial burdens of most. Still, never assume that your landlord’s insurance will cover something. You can gain a fuller, more comprehensive understanding of what your needs are and what your policy covers by working personally with an independent insurance agent.

ABOUT YOUR CARROLLTON, TX, INSURANCE COMPANY:

With over 20 years of experience in the insurance industry, the Jeff Van Matre Insurance Agency can help you choose the right coverage plan to protect your personal and business assets and put your mind at ease. To learn more, or to get a free quote,  call our Carrollton office today at 972-492-8500.