Rental Property Insurance

If you have homeowners insurance, you may be inclined to think your home is completely covered in the case of a fire. If you’re living in your own home – it will.

But, if you’re renting out a house, think again.

Dwelling fire insurance is specifically designed to protect landlords from losing rental income lost as a result of a fire. In most cases, this coverage will provide you with a year’s worth of rental income, allowing you the time and resources to rebuild and rent. But don't stop there - dwelling fire coverage offers so much more to help protect you, the landlord, when renting to others. What if the tenant's dog bites someone? What if there is a trip and fall or a swimming pool accident on the premises? Owners, landlords, and tenants liability coverage is included so if someone is injured on a rental property, you, as the landlord, are covered. The same great features of extended replacement cost and building code upgrade coverage to protect the resident itself is still included on the dwelling fire policy. Don't forget your coverage does not cover the tenant's liability and personal property. It is best to require the tenant to purchase his own renter's coverage to protect his needs. Conrey Insurance Brokers can even help put the renter's policy in place!

Contact Conrey Insurance Brokers today to find out more about dwelling fire insurance.