At Rutherford Insurance Agency we have many options available for landlords. From a 2 family dwelling on up, we have options available that will fit your needs and your budget. We represent several companies that specialize in rental property insurance. Our agency provides insurance for many landlords throughout the Greater Cincinnati area.
What is landlord insurance?
Landlord insurance provides financial protection if your rental property is damaged, becomes unlivable after a catastrophic event such as a fire or a storm, or if someone is hurt on the property.
What does the landlord insurance policy cover?
Insurance policies vary, but most landlord insurance policies offer coverage for the following:
This coverage helps pay to repair your rented home, condo, or apartment building if it's damaged by fire, lightning, wind, hail, or another covered loss.
This coverage helps pay to repair detached structures on your rental property. This would include a detached garage or fence if they're damaged by a covered loss.
Personal property used at the rental property
For example, if you leave a lawnmower to be used at the rental property, your landlord insurance may help cover this equipment if it's damaged.
Liability insurance would help to pay for another person's medical bills, or your legal expenses if someone else is injured on your rental property and you're found responsible.
Some Additional Coverage to Consider:
You will have the ability to choose several insurance options that are optional coverage. Below are a few.
If your rental property is vandalized, that type of damage typically isn't covered by a landlord policy unless you purchase the vandalism coverage.
A landlord insurance policy may pay to repair your rental property if it's damaged in a break-in, however, it typically won't pay to replace stolen items. Optional coverage may be available for theft of items you keep on the rental property to help maintain it.
As you can see there are quite a few options for landlords. Contact Rutherford Insurance Agency and let us help you tailor a policy that will best fit your needs and budget.