Page 28 - AreaNewsletters "Oct'17" issue

Landlords... Are Your Investments By Paula Thielen, at the Joe Thielen Farmers Insurance Agency
“Landlord Insurance provides
As a landlord, you need protection from nancial loss that may result from damages to a rental property due to re, break-in, damage to your property by the tenant, severe weather and for loss of rents and liability for accidents in your property causing injury to someone and...more. Cautious planning ahead will protect you, your family
and your nancial investments.
Did You Know?
As a Landlord, you will need a particular type of insurance for properties you rent out to tenants. This coverage usually includes the same type of protection as your usual homeowner insurance.
However, you need extra coverage such as: • Non-payment of rent
• Damage to your property (by the tenant)
• Loss of earnings/rehousing costs if the tenants need to move out (following an insured event)
• Liability for accidents in your property causing injury to someone
As a Landlord, you need to ensure that your investments are properly protected. The vast majority of tenants will take good care of your property. However, “life happens to people” and accidents still happen. Renting out a property is never an entirely risk-free activity. As a result, Landlord insurance is necessary to make sure that your investment is properly secured.
coverage for property
owners renting out one or more residential homes,
apartments, or condos.
ironhorseinteriors.co
October 2017 • Castle Rock “AreaNewsletters”
28
I NS UR A NCE E X P L A I NE D
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By the
Holidays!