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What is landlord insurance and why is it important?

A property out on rent is any landlord's part of income. But what if the property is damaged due to some unavoidable circumstances or is lying vacant because of ongoing renovation work. That's what landlords insurance does. Read here to know what it is and why is it important.<br>

AbeGTAssociates
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What is landlord insurance and why is it important?

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  1. WHAT IS LANDLORD INSURANCE Why is it important?

  2. The responsibilities of a landlord are different and more convoluted from a homeowner. As the landlord, you need more coverage than the standard renter’s insurance or homeowner’s insurance. Before renting your property, you may need to install flooring, fix or replace drywall, or provide light fixtures, and these need to covered by your insurance policy.

  3. Rental property insurance covers the landlord's investment in rental properties. This policy will cover standard fire and allied perils and also theft and hateful damage.

  4. Why Is It Important? 1. Protect rental property against natural disasters, injuries, accidents, and other

  5. Why Is It Important? 2. Covers lost rent if the property is temporarily vacant due to repairs.

  6. Why Is It Important? 3. Covered property against vandalism damage and item thefts from the rental property.

  7. Why Is It Important? 4. Gives you liability coverage in case someone is injured on the property.

  8. Why Is It Important? 5. Additional coverage for expenses incurred to bring the property up to code compliance after damage.

  9. www.abegtinsurance.com 312-738-1384

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