Rental Property Insurance
If you own investment property or rental property that holds a large amount of liability then rental property insurance coverage is essential to the livelihood of your rental business. Rental property insurance coverage includes everything from residential and commercial investments to rental homes and vacant properties. Rental property insurance can cover a variety of different scenarios such as damages happening to property or accidents from individuals that occurred on your land. These scenarios can be a large financial burden on your rental business if you do not have the correct policy in place.
Some common acts that happen to rental property owners that they would need to put a claim on are graffiti on walls, windows being broken, or general theft and vandalism towards the property. In these cases, you can put a claim towards the event and have the correct coverage put into place so you can continue with your daily operations and not have a huge financial loss on your property.
Just like every property, each rental property insurance policy is different and can be customized to your specific needs. Any property owner can receive rental property insurance whether they only have one property that is in their portfolio or owns a large rental property company that has multiple properties. Whatever the specific needs are or the size of the portfolio, Hockley & O’Donnell Insurance Agency can assist you in purchasing the correct rental property insurance policy and make sure that you receive the best rates available in the area.