Insurance for Rental Property
One of the most obvious risks to managing investment and rental property is damage to the buildings you own. Examples of typical perils insured against are fire, windstorm, smoke and vandalism. Types of rental properties can vary greatly. Sidle Insurance works with landlords of all shapes and sizes. Whether you own modern apartment buildings, mobile homes, or several individual houses, you have unique risks. The important thing is to understand what can go wrong, what your insurance options are and then balance your budget for insurance protection against those risks.
Adequate Liability Insurance is Important
An area of insurance protection often overlooked by landlords is liability coverage; even the most diligent of landlords are susceptible to lawsuits. For instance, lawsuits can be brought against you as the rental property owner even though the actions of your tenants may have been the primary reason for the legal action. Owners, Landlords and Tenants Insurance and Lessor's Risk are the coverage types used to provide liability insurance, and some protection against lawsuits, for rental property managers.
Other Kinds of Insurance
The business of maintaining and renting property can also require other other kinds of insurance, like business auto, inland marine for tools, and insurance coverage for business records and office equipment. Sidle Insurance can handle that too.