What Insurance Should I Have For My Rental Property?
If you own an investment property, it’s important to have the right type of insurance in place. A standard homeowner’s policy typically won’t cover many of the risks associated with renting your property, especially damages that may occur during a resident’s lease.
We never want our owners in a position where a claim is denied due to the wrong coverage, so having a policy specifically designed for rental properties is key.
Recommended Coverage
At a minimum, we recommend $100,000 in coverage. However, the best approach is to carry enough coverage to fully replace the structure if needed.
An insurance advisor can walk you through your options and help you choose a policy that fits your property and risk tolerance.
Local Insurance Resources
If you’re looking for a starting point, here are a few local agencies we’ve worked with:
You’re welcome to work with any provider you prefer; these are simply trusted options we can point you toward.
Additional Protection Options
We also offer an optional coverage program through Surevestor.
For $50 per door, per month, this policy provides additional protection for:
Malicious damage
Eviction-related costs
Loss of rent
While this coverage is optional, many owners choose to add it as an extra layer of protection. Learn more about it here.
Our goal is to ensure your property is covered from every angle, so you can feel confident knowing your investment is protected. If you’d like to talk through your options, we’re always happy to help.