Landlord's face special risks that require special insurance protection. A few examples of losses or exposures that are covered in a Landlord Package Policy include: Loss of rent resulting from an insured loss; Buildings with one or several units; Varied residential or commercial occupancies; Legal liability resulting from the activities of tenants; and Uninsured or under-insured repairmen. Even though Landlord Package Insurance is primarily designed to protect you from loss to rental property it can, and should provide adequate insurance limits to protect your other assets from legal liability arising from rental activities. Even though renting residences to others is a business activity, many insurance companies will treat the renal of 4 or fewer units as a personal insurance matter.
Contact an insurance agent at Litaker Insurance today to answer any questions about Landlord Package Insurance or for a free review and insurance quote for Landlord Package Insurance. And don't forget, as an independent insurance agency, we represent several top rated insurance companies. We have the flexibility to help you find coverage at competitive premiums for business, home, auto, and more.
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