When you rent your property to others, there are many risks that may be covered by rental property insurance.
The policy every property owner needs when renting.
Rental property insurance is a specialized type of home insurance designed specifically for landlords, not tenants. It’s similar to a standard homeowners policy but tailored to address the unique risks associated with owning a property that you rent out to others.
What does rental property insurance cover?
Besides covering damage to the building and your included furnishings, rental property insurance can also reimburse you for lost rental income if the property becomes uninhabitable due to a covered event. Moreover, it typically includes liability coverage, protecting you financially if a tenant sues you for injuries sustained on the property.
Find Your Coverage
We’re here to help you explore your coverage options.
Contact Chip Berry Insurance
Milford, OH Office
1077 OH-28 Ste 205,
Milford, OH 45150
Call: 513-444-2100
Email: cberry@berry-agency.com
Helps cover the risks involved with renting out a property.
Renting out your property comes with inherent risks, and that’s where rental property insurance proves its value. Beyond protecting your investment, it can also cover unexpected costs like moving tenants in or out during repairs or compensating them if damage to the property disrupts essential services like heating or air conditioning.
If you have any questions about rental property insurance, contact us to learn more.
What’s not covered by a rental property policy?
It’s important to note that rental property insurance typically doesn’t cover lost rental income due to tenant non-payment or the expenses associated with evicting a tenant. These situations often require separate legal or financial protections.
Can you insure short-term and long-term rentals?
Whether you’re renting out your home for a short vacation period or for an extended duration, your insurance needs change. It’s essential to have the right coverage in place to protect your property and yourself from potential risks.
Step 1
Fill out the form.
Step 2
Review your options with us.
Step 3
Get the coverage you need.
Rental Property Insurance Quote Request
Don’t like forms? Contact us at 513-444-2100 or cberry@berry-agency.com.