Landlord Insurance

 

landlord rental homeRental/Dwelling Policies

Rental property ownership is on the rise  Insuring investment or landlord rentals is very different from traditional homes too. The coverage is similar but the rating factors are very different. Insuring a rental is usually more expensive than insuring an owner-occupied home. Companies realize that tenants who live in a rental have little to lose and are less likely to take care of the home.

Any home that is owner-occupied is written as a regular homeowner’s policy. However, a home that is not owner-occupied is written as a landlord or dwelling policy. The difference is dependent on who lives in the home, not if you charge rent or not.

Wilkinson Insurance Agency works very hard to find you the best insurance money can buy. Our agency is independent and represents many different carriers. Because of this, we can shop rates with a number of preferred A-rated companies.

If you are shopping for insurance on your rental property, be prepared to have your home and auto quoted too. There are many more options available. Companies don’t like to write rental properties as stand alone policies.’

Call us today to discuss your options and get a quote.