Landlord Insurance
Landlord insurance is an insurance product that will give you complete peace of mind should anything untoward happen to your rental property.
What Is Landlord Building Insurance?
Landlord building insurance protects your building from damage as well as injury sustained to a person as a result of your property.
What Is Covered In A landlord Building Insurance?
- The building you are leasing or renting including garages and other structures
- Damage sustained due to fire
- Loss of rental income
- Damage due to theft
- Injury to a person
- Associated legal expenses
Why Take Out Landlord Building Insurance?
Why would you want to take the risk of no insuring your property? You have already invested a lot of time and money. Landlord building insurance will protect your investment. Landlord building insurance will provide:
- Protection from fire, storms, flooding and vandalism excreta.
- Protection for injury sustained to a person
- Cover for any legal expenses
Calculating Landlord Building Insurance Coverage
In order to calculator you need to first consider how much coverage you need by asking yourself the following question?
- How much would it cost to rebuild your property?
- What is the value of your building?
- What would the total loss of income if in the event you couldn’t rent the property for an extended period of time?
- How much would it cost to replace the assets in the rented building?
