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Protect Your Rental Property with Landlord Insurance

Owning rental properties is a great way to build income and wealth, but it also comes with risks. From property damage to liability claims, unexpected events can disrupt your business and your finances. GRIT Insurance offers landlord insurance designed specifically for owners of 1-4 unit rental properties, providing the coverage you need to safeguard your investment and rental income.

What Does Landlord Insurance Cover?

Landlord insurance provides protection for your property, tenants, and financial interests. A standard policy typically includes:

  • Property Coverage: Protects your building and structures from risks like fire, storms, vandalism, or other covered perils.
  • Liability Insurance: Covers legal and medical expenses if someone is injured on your property or if you’re held responsible for damages.
  • Loss of Rental Income: Reimburses lost rent if your property becomes uninhabitable due to a covered event, such as a fire.
  • Tenant Damage: Optional coverage for damage caused by tenants that isn’t covered under their security deposit.
  • Other Structures: Includes protection for detached structures like garages, sheds, or fences.

 

Why Choose GRIT Insurance for Your Landlord Policy?

At GRIT Insurance, we understand the unique needs of landlords and the risks that come with owning rental properties. Here’s why landlords trust us:

  • Tailored Coverage: We customize policies to meet the specific needs of your property and tenants.
  • Access to Top Carriers: We shop from a network of trusted insurance providers to find the best coverage at the most competitive rates.
  • Expert Advice: Our experienced agents guide you through your options and help you choose the right coverage.
  • Ongoing Support: From getting a quote to assisting with claims, we’re here for you every step of the way.

Frequently Asked Questions About Landlord Insurance

Do I need landlord insurance if I have homeowners insurance?
It depends.  If you are renting the home, you will need to replace your homeowners insurance with a landlord policy.  Homeowners insurance is designed for owner-occupied properties and won’t cover tenant-related risks. Landlord insurance provides the protection you need for rental properties.

Does landlord insurance cover tenant belongings?
No. Landlord insurance covers your property and liability, but tenants need renters insurance to protect their personal belongings.

What if my property is vacant?
If your property is unoccupied for an extended period, standard policies may not apply. We can help you secure vacant property insurance for continuous protection.

Can I require tenants to have renters insurance?
Yes. Many landlords require renters insurance as part of the lease agreement to ensure tenants’ belongings are covered and reduce liability risks.