What is Landlords' Insurance?
Landlords' insurance is an insurance policy that covers a property owner from financial losses connected with rental properties. The policy covers the building, with the option of insuring any contents that belong to the landlord that are inside.
What is Usually Covered With Landlord Insurance?
The policy will normally cover standard perils such as fire, windstorm and lightning but each insurance policy is different and should be read carefully to learn the covered perils and exclusions.
Landlords' insurance policies typically do not cover any personal property belonging to tenants, or otherwise protect the interest of tenants. This type of policy also does not cover property managers errors & ommisions which is a type of professional laibility coverage and highly recommended for businesses acting in this capacity.
This is not meant to replace an insurance policy but a very limited outline of basic coverages. Read your insurance policy for specific coverages and exclusions.
Contact us to learn more about the right landlords' insurance policy for your property.
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Charleston, SC 29407
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