Landlord Insurance Quote – Eugene C Yates Insurance Agency

Before we get into information on how to get a landlord insurance quote, let’s learn a little bit about the policy.

Rental property can be a lot more than just a way to create extra income. It can be an investment for your families future. Since it is such a big investment, it’s always wise to safeguard against potential financial losses. The best way to do that is with a rental property insurance policy also known as a landlord insurance policy. 

Rental property insurance will help to protect landlords who rent out single family residences, duplexes, apartment buildings, condos and rooms in their homes. Landlord insurance will protect you from financial losses that may be caused by a covered peril. It helps to cover the structure or dwelling of the home, the landlords property used to maintain the property, surrounding structures, loss of rental income and more.

What does rental property insurance cover?

Landlord insurance will help to cover the cost of repairs to your rental property. If the home is damaged or destroyed by a fire, wind, hail, lightening or another covered peril, rental property insurance will help to cover the costs. Landlord insurance will also cover you for liability issues that may arise. For example someone may become hurt or injured on your property and take you to court. Rental property insurance can help to cover any legal fees that may come from these claims. 

The fair rental value coverage in your policy will provide coverage for rental income that is lost if your tenant is unable to use the home. Landlord insurance will help to supplement the amount of money your tenant was paying while the home is being repaired or rebuilt due to a covered peril. 

The personal property coverage in your landlord insurance policy will help to cover your property that is used to maintain the home such as appliances, refrigerators, washers and dryers, dish washers and more. 

Eugene C Yates Insurance Agency coverage options

At Eugene C Yates Insurance Agency we can cover your rental property in several ways. Please keep in mind we always suggest you speak to one of our wonderful agents for a custom landlord insurance quote. They have access to the top rental property insurance providers in the nation and firsthand knowledge of the best landlord insurance discounts available. Below are a few common coverage options for rental property insurance.

Dwelling:

This portion of your coverage will cover damage to the properties structure if it is damaged or destroyed by fire, smoke, lightening, wind, and other covered perils. 

Additional replacement cost:

This will provide extra coverage up to 150% of your dwellings policy limits to repair or rebuild the home in the event it is destroyed by a covered peril. 

Other structures:

This is coverage for the structures on your property that are not connected to the home. These can include gazebos, garages, sheds, fences, driveways, swimming pools and more.

Personal property:

This portion of your landlord insurance coverage will protect your household items in your home that may be destroyed by a fire, smoke, wind or another covered peril. You may also be covered for theft, but please speak to one of our agents for availability in your area. 

Fair rental value:

This part of your rental property insurance policy will cover you for lost rental income. 

Premises liability:

If someone is hurt or injured on your property this portion of your coverage will protect the landlord against liability claims and cover legal and medical fees. 

Personal injury: 

This will cover you from claims of libel, slander, wrongful eviction, and invasion of privacy.

Loss assessment: 

This will provide extra coverage in the event your homeowners association levies an assessment on each homeowner to make common area repairs due to a covered loss.

Service line protection:

This portion of your coverage will cover you for repairs of your water, gas, electric, and sewer lines.

Home systems protection:

This will cover a wide variety of systems, electronics and appliances. 

Rental Property Insurance Quote

Getting a quote for landlord insurance with Eugene C Yates Insurance Agency is easy. All you have to do is give us a call at 916 313 6100 and one of our amazing agents will pick up your call and answer any questions you may have.