Summer Rental Nightmare…Their Dog left You a Gift?

san-francisco-1018203_1920Many people in wine country have rental property. It is a popular place for people to come. It is very important to have an independent agent review your North Bay personal insurance program to make sure you are properly covered. If your home insurance is not recorded as a Landlord Policy, the insurer can deny the claim.

Landlord insurance provides coverage for the owner of the property for losses and/or damage connected with rental property. As a landlord, you need protection from financial loss as a result of damages to a rental property due to fire, break-in, severe weather, and more.

What Can Landlord Insurance Cover?

  • Property damage. This covers damage to the building from fire, storm, theft, and vandalism.
  • It will protect you against bodily injury to guests or tenants.
  • Loss of rent or income. This insurance will help compensate you for lost income in the event that a rental property becomes uninhabitable due to a covered loss, such as a storm or apartment fire.

Does Your Homeowner’s Insurance Cover Your Landlord Risk?

The short answer is no. If you are renting out part of your home or other property, your homeowner’s insurance will not apply. If you are renting on a short term basis, check with your agent; some insurers may offer coverage if it is a short term event.

You need landlord insurance when you do not occupy the same residence as your tenant. You will also need landlord insurance if you are renting out your own home temporarily, or sharing accommodations such as your basement level, with a renter.

Our agency has a long history of proudly serving your area as an Independent Insurance Agency and representing some of the best insurance companies in the business. North Bay Insurance Brokers Inc. focuses on delivering quality insurance products with a personalized, hands-on experience that sets us apart in today’s market.