Landlords are discovering that insurance costs for rental properties are lower than expected for the coming year. Renters will carry insurance for the contents of the house. The landlord will be responsible for the structure and additional features on the property. Little and Sons Insurance has the expertise to assist landlords in acquiring the best insurance coverage for all rental properties.
- Replacement cost – The actual cost of restoring the property to original condition following a loss is an essential component of the insurance policy. Materials and labor costs rise substantially if an area-wide event occurs. The rental property insurance will cover the cost of repairing of replacing the house.
- Comprehensive coverage – All aspects of the property, such as landscaping features and outbuildings, will be restored following a loss. Specialized coverage is available for lost rent revenue, debris removal and identity theft insurance is available.
- Liability protection – Litigation actions will be covered under this essential portion of the policy. Insurance providers are encouraging landlords to carry more than $1 million of liability coverage. This protection against loss prevents lawsuits from costing the landlord a primary residence or business holdings.
For more information about rental property insurance in the Beaumont area, contact Little and Sons Insurance and get a quote today!
