As a landlord, your biggest worry is any losses incurred due to unpaid rent or damages to your property. To protect your assets, you need Skeele Agency, Inc. to help find you the best rental insurance policy. Our experienced insurance agents ensure that your property and interests are protected under your coverage. Your rental property must fall under the following categories:
- Vacation rental homes
- Multiple properties
- Row homes
- Properties under minor renovation
- Short term rentals
- Single, duplexes, and triplexes
The list is not conclusive, but when you call us to get a quote, all your inquiries will be responded to professionally. The landlord insurance policy also covers other structures on your property, including garages, sheds, and items such as washers, dryers, and microwaves used by your tenants.
What Does Rental Property Insurance Cover?
Different landlords face different challenges, depending on the type of their property investment. Our skilled agents match your needs with the following types of coverages:
Liability Coverage
A mishap may happen on your rental premises and cause bodily injury to someone. With liability coverage, your policy pays for the claims that you are legally held responsible for. Note that the coverage pays only up to your policy limits.
Loss of Rent Insurance
Some landlords take out large mortgages on properties and rely on rent payments to make the monthly repayments. In the event of an accident where your property is destroyed, you may cease to collect rent and hence fail to meet the monthly repayments. If you already have loss of rent insurance coverage, this option ensures that the lost funding is replaced, thereby keeping you from losing your property.
Landlord Buildings Insurance
Skeele Agency, Inc. ensures that if a tragedy strikes, your building will be back up and running in no time. This policy protects the mortar and bricks of your premises in the event of a fire or other misfortune and covers the rebuilding costs. Most importantly, many of our policies offer unlimited coverage, meaning that you don’t have to worry about the extra expense of rebuilding your property.
Inflation Protection
It’s hard to predict the rate of inflation. Heightened inflation means that the cost of repairs rises. You can protect yourself from such an incident with inflation protection insurance. If you opt for this policy, your policy limits automatically adjust to keep up with inflation.
We are more than ready to guide you in choosing the best landlord and rental property policies to suit your situation. All you need to do is contact one of our representatives for a quote.
