© 2011 Farmin Rothrock & Parrott
Companies We Feature...
© 2011 Farmin, Rothrock & Parrott, Inc
Rental Home Insurance
A rental home represents a large investment that is supposed to
provide a consistent return on that investment. It is important to
make sure that the investment is protected properly so that if a
fire or windstorm damages the house, it can be repaired or
replaced promptly.
There are all kinds of maintenance costs involved with a rental
property and the cost of insurance is certainly one of those.
Make sure you don’t trade away critical coverage when trying to
trim your costs. We can help you strike the proper balance
between protection and cost by reviewing all of the coverage
concerns that are common to rental property.
The most obvious is making sure the limit of coverage on the
structure is adequate to replace it at today’s prices. Another
important element is Loss of Rents coverage that will replace
your lost rental income while the building is being repaired or
rebuilt. Is the rental completely or partially furnished? Do you
provide any appliances for your tenants? You will need at least a
minimal amount of Contents coverage if any of these situations
exist.
Finally, review your Liability coverage on the policy. The limits
should be adequate to protect you in the event of a lawsuit.
Additionally, make sure the policy includes protection for unique
Landlord insurance risks such as Wrongful Eviction and Invasion
of Privacy.
Remember, too, that you should always require your tenants to
carry Renters insurance so that if their dog bites someone or
someone is injured on the premises due to their negligence,
there will be adequate coverage and the injured party won’t try to
look to the landlord - you - for compensation.
Request a Quote for
Rental Home
Insurance
For Even Faster
Service, Call Us
Right Now!
(509) 323-3232
8:00AM - 4:30PM
Monday - Friday
Companies We Feature...
Rental Home Insurance
A rental home represents a large investment that is supposed to
provide a consistent return on that investment. It is important to
make sure that the investment is protected properly so that if a
fire or windstorm damages the house, it can be repaired or
replaced promptly.
There are all kinds of maintenance costs involved with a rental
property and the cost of insurance is certainly one of those.
Make sure you don’t trade away critical coverage when trying to
trim your costs. We can help you strike the proper balance
between protection and cost by reviewing all of the coverage
concerns that are common to rental property.
The most obvious is making sure the limit of coverage on the
structure is adequate to replace it at today’s prices. Another
important element is Loss of Rents coverage that will replace
your lost rental income while the building is being repaired or
rebuilt. Is the rental completely or partially furnished? Do you
provide any appliances for your tenants? You will need at least a
minimal amount of Contents coverage if any of these situations
exist.
Finally, review your Liability coverage on the policy. The limits
should be adequate to protect you in the event of a lawsuit.
Additionally, make sure the policy includes protection for unique
Landlord insurance risks such as Wrongful Eviction and Invasion
of Privacy.
Remember, too, that you should always require your tenants to
carry Renters insurance so that if their dog bites someone or
someone is injured on the premises due to their negligence,
there will be adequate coverage and the injured party won’t try to
look to the landlord - you - for compensation.
Request a Quote for
Rental Home
Insurance
For Even Faster
Service, Call Us
Right Now!
(509) 323-3232
8:00AM - 4:30PM
Monday - Friday