Dwelling/Landlord Basics and Coverages
There are several types of landlord insurance policies available, and the specific coverage options and limits will depend on the policy you choose. Some common types of coverage include:
Property Coverage -
This covers damages to the landlord's property, such as the building and any structures on the property, from events such as fire, natural disasters, and vandalism.
Loss of Rental Income Coverage -
This covers the loss of rental income if the property is unable to be rented due to a covered loss.
Liability Coverage -
This covers damages or injuries that the landlord may cause to others or to their property while on the rental property.
Medical Payments Coverage - This covers medical expenses for guests who are injured on the rental property.
When shopping for landlord insurance, it's important to compare quotes from multiple insurers and to carefully review the policy terms and coverage limits to ensure that you have the protection you need. It's also a good idea to discuss your insurance needs with you Texas Edge Agent who can help you understand your options and make an informed decision.