• 423-362-4166

landlord insurance

Landlord Insurance – Is it different than regular homeowner’s insurance?

It may seem like an elementary question, but we have seen many homeowner’s insurance policies attempting to cover a landlord’s rental property. The major problem with this? An insurance company is not expecting a claim involving a tenant. If that claim arises, the carrier can very easily deny the claim and you, as the landlord, are stuck coming out of pocket. The same is true if a legal issue arises where the tenant is claiming negligence by the landlord. This property should be earning you money, not costing you money. To protect the landlord and the physical structure, landlord insurance (also known as a dwelling fire policy) is a must.

Some common claims for landlord insurance:

  1. Tenant starts a fire, which causes damage to the property.
  2. Tenant sues landlord on the grounds of “wrongful eviction.”
  3. Tenant has a friend over… friend slips and falls… friend sues tenant and landlord.
  4. A storm flattens the building and it takes 10 months to rebuild. Loss of rental income is a key coverage here.
  5. Tenant vandalizes the property.

As a landlord, having correct insurance is pivotal in protecting your asset and your financial standing. Request a review of your current policy here.

landlord insurance
[gravityform id=10 title=false description=false ajax=true]
<div class='gf_browser_unknown gform_wrapper' id='gform_wrapper_10' ><div id='gf_10' class='gform_anchor' tabindex='-1'></div><form method='post' enctype='multipart/form-data' target='gform_ajax_frame_10' id='gform_10' action='/landlordinsurance-vs-homeownersinsurance#gf_10'> <div class='gform_body'><ul id='gform_fields_10' class='gform_fields left_label form_sublabel_below description_below'><li id='field_10_3' class='gfield gf_left_half gfield_contains_required field_sublabel_below field_description_below gfield_visibility_visible' ><label class='gfield_label' for='input_10_3' >Full Name<span class='gfield_required'>*</span></label><div class='ginput_container ginput_container_text'><input name='input_3' id='input_10_3' type='text' value='' class='large' placeholder='Your Name' aria-required="true" aria-invalid="false" /></div></li><li id='field_10_2' class='gfield gf_half_right gfield_contains_required field_sublabel_below field_description_below gfield_visibility_visible' ><label class='gfield_label' for='input_10_2' >Email<span class='gfield_required'>*</span></label><div class='ginput_container ginput_container_email'> <input name='input_2' id='input_10_2' type='text' value='' class='large' placeholder='Your Email Address' aria-required="true" aria-invalid="false" /> </div></li><li id='field_10_5' class='gfield gfield_contains_required field_sublabel_below field_description_below gfield_visibility_visible' ><label class='gfield_label' for='input_10_5' >Message<span class='gfield_required'>*</span></label><div class='ginput_container ginput_container_textarea'><textarea name='input_5' id='input_10_5' class='textarea small' placeholder='Please leave us a message.' aria-required="true" aria-invalid="false" rows='10' cols='50'></textarea></div></li> </ul></div> <div class='gform_footer left_label'> <input type='submit' id='gform_submit_button_10' class='gform_button button' value='SEND' onclick='if(window["gf_submitting_10"]){return false;} window["gf_submitting_10"]=true; ' onkeypress='if( event.keyCode == 13 ){ if(window["gf_submitting_10"]){return false;} window["gf_submitting_10"]=true; jQuery("#gform_10").trigger("submit",[true]); }' /> <input type='hidden' name='gform_ajax' value='form_id=10&amp;title=&amp;description=&amp;tabindex=0' /> <input type='hidden' class='gform_hidden' name='is_submit_10' value='1' /> <input type='hidden' class='gform_hidden' name='gform_submit' value='10' /> <input type='hidden' class='gform_hidden' name='gform_unique_id' value='' /> <input type='hidden' class='gform_hidden' name='state_10' value='WyJbXSIsIjA3ZTJiOTc1OGM3OTYyY2RlYmQ0MWI1YTA5NTQxMWRjIl0=' /> <input type='hidden' class='gform_hidden' name='gform_target_page_number_10' id='gform_target_page_number_10' value='0' /> <input type='hidden' class='gform_hidden' name='gform_source_page_number_10' id='gform_source_page_number_10' value='1' /> <input type='hidden' name='gform_field_values' value='' /> </div> </form> </div> <iframe style='display:none;width:0px;height:0px;' src='about:blank' name='gform_ajax_frame_10' id='gform_ajax_frame_10'>This iframe contains the logic required to handle Ajax powered Gravity Forms.</iframe> <script type='text/javascript'>jQuery(document).ready(function($){gformInitSpinner( 10, 'https://www.theamericaninsurancegroup.com/wp-content/plugins/gravityforms/images/spinner.gif' );jQuery('#gform_ajax_frame_10').on('load',function(){var contents = jQuery(this).contents().find('*').html();var is_postback = contents.indexOf('GF_AJAX_POSTBACK') >= 0;if(!is_postback){return;}var form_content = jQuery(this).contents().find('#gform_wrapper_10');var is_confirmation = jQuery(this).contents().find('#gform_confirmation_wrapper_10').length > 0;var is_redirect = contents.indexOf('gformRedirect(){') >= 0;var is_form = form_content.length > 0 && ! is_redirect && ! is_confirmation;var mt = parseInt(jQuery('html').css('margin-top'), 10) + parseInt(jQuery('body').css('margin-top'), 10) + 100;if(is_form){jQuery('#gform_wrapper_10').html(form_content.html());if(form_content.hasClass('gform_validation_error')){jQuery('#gform_wrapper_10').addClass('gform_validation_error');} else {jQuery('#gform_wrapper_10').removeClass('gform_validation_error');}setTimeout( function() { /* delay the scroll by 50 milliseconds to fix a bug in chrome */ jQuery(document).scrollTop(jQuery('#gform_wrapper_10').offset().top - mt); }, 50 );if(window['gformInitDatepicker']) {gformInitDatepicker();}if(window['gformInitPriceFields']) {gformInitPriceFields();}var current_page = jQuery('#gform_source_page_number_10').val();gformInitSpinner( 10, 'https://www.theamericaninsurancegroup.com/wp-content/plugins/gravityforms/images/spinner.gif' );jQuery(document).trigger('gform_page_loaded', [10, current_page]);window['gf_submitting_10'] = false;}else if(!is_redirect){var confirmation_content = jQuery(this).contents().find('.GF_AJAX_POSTBACK').html();if(!confirmation_content){confirmation_content = contents;}setTimeout(function(){jQuery('#gform_wrapper_10').replaceWith(confirmation_content);jQuery(document).scrollTop(jQuery('#gf_10').offset().top - mt);jQuery(document).trigger('gform_confirmation_loaded', [10]);window['gf_submitting_10'] = false;}, 50);}else{jQuery('#gform_10').append(contents);if(window['gformRedirect']) {gformRedirect();}}jQuery(document).trigger('gform_post_render', [10, current_page]);} );} );</script><script type='text/javascript'> jQuery(document).bind('gform_post_render', function(event, formId, currentPage){if(formId == 10) {if(typeof Placeholders != 'undefined'){ Placeholders.enable(); }} } );jQuery(document).bind('gform_post_conditional_logic', function(event, formId, fields, isInit){} );</script><script type='text/javascript'> jQuery(document).ready(function(){jQuery(document).trigger('gform_post_render', [10, 1]) } ); </script>