Easy Landlord Insurance Quotes from Eugene C Yates Insurance Agency

One of the easiest and most effective ways to purchase landlord insurance is through an independent landlord insurance agency such as Eugene C Yates Insurance Agency. Being an independent rental property insurance agency gives the wonderful agents at Eugene C Yates the opportunity to search for multiple landlord insurance quotes from the top insurance providers in the industry.

This makes it easy for our agents to do apple to apple comparisons of the best companies, comparing the best coverages. Which in turn will make it incredibly simple for you to see which rental property insurance provider and policy are right for your personal lifestyle. 

Fast, easy and affordable landlord insurance. We have been helping Sacramento California landlords get great coverage on their rental homes since 1946. Call us today and start saving money on coverage you can rely on (916) 313 – 6100.

Now that we know how to get the best landlord insurance in California, let’s jump into what rental property insurance actually is and what it covers.

What is landlord insurance? Is it the something as rental property insurance? 

Landlord insurance and rental property insurance are the same form of coverage. Both are designed to protect landlords who rent out properties to tenants. Landlord insurance covers the structure of the home and the landlords personally property used to maintain the home such as washers and dryers, dishwashers, lawnmowers and more.

Please keep in mind landlord insurance and homeowners insurance are very similar but at thee same time different forms of coverage. Homeowners insurance is designed to protect a homeowners primary residence. Rental property insurance is protection for landlords that rent out homes. 

Does landlord insurance cover tenant damage?

It depends on how the damage came about. Intentional damage may not be not be covered, whereas unintentional damage may be covered. The insurance provider will take each claim on a case to case basis and evaluate if your claim is valid. 

Most landlords will ask their tenants to carry renters insurance so that their personal property is also covered. Landlord insurance will not cover your tenants property. 

Landlord Insurance Coverage Options

Dwelling: If your rental property suffers a total loss from damage caused by a cover peril your landlord insurance coverage may pick up the cost of the repairs.

Premises liability coverage: This portion of your coverage will protect you if someone is hurt or injured on your property and sues you for damages. It can cover medical expenses and legal fees. 

Wind / Hail: If your property is damaged by a bad hail storm or severe wind, rental property insurance may cover you. It can help in the repairs or replacement of the home.

Fair rental value: If your rental property suffers from damage caused by a covered peril and your tenant is unable to occupy the home, landlord insurance may cover the lost rent while the repairs are being made. 

Inflation protection: If inflation rises, usually thee cost of materials and other factors follow. This portion of your coverage will keep pace with inflation too that you will be covered for a total loss. Right now in 2022 this is a very helpful insurance to invest in.

Landlord insurance discounts

Bundle your insurance products: If you have an auto insurance, home insurance or landlord insurance policy through the same insurance provider, you may be able to take advantage of a bundle discount. 

Stay claims free: If you have not filed an insurance claim in a certain number of years, you may be able to get a discount on your rental property insurance coverage. Every landlord insurance company is different so please check with one of our agents to see what you take take advantage of. 

Requesting a quote before your old policy expires: If you are changing insurance providers and request a quote before your current policy expires, the new landlord insurance provider may offer you a discount on your insurance policy. 

What does landlord insurance cover?

Property Investment: Regardless of whether you rent out a condo, townhome, or single family residence rental property insurance will cover:

• Damage to the residence.
• Damage to permanent structures on the property or onsite property maintenance equipment

Personal Protection: In the event you suffer a covered loss, your rental property insurance may cover:

• Lost rent payments if property repairs result in a temporary vacancy.
• Liability coverage if someone is injured on the property.

Additional coverage: Depending on where you live or your situation, you may want to consider the following:

• Vandalism damage or if items you own are stolen from the property.
• Additional construction expenses to bring the building up to code compliance after it’s been damaged.

What is not covered by landlord insurance?

Your landlord insurance will cover a lot of risks you may run into, but it won’t cover everything. Rental property insurance usually will not cover normal wear and tear, negligence, earthquake damage, flooding and a few other items that will be unique to each insurance provider. 

Landlord Insurance Quote

For a custom landlord insurance quote, please give us a call at (916) 313 – 6100