With owning a second home comes the opportunity to rent it out and turn it into an investment property. You may have a multi-unit complex, a restored vintage home in a historic district, or a single family home that you inherited from a family member.
Whatever your rental home looks like, the Corwin-Rey team is here to help you analyze what coverage will best fit your needs, and keep you safe in the long run.
Situational Coverage with Landlord Insurance
A storm damages your rental property:
- Optional comprehensive property coverage can help with damage if a storm or other weather event is covered by your policy.
A pipe bursts in the upstairs bathroom, damaging the floor with water:
- Named-peril coverage can help with coverage for specific perils that you choose, including water from bursting pipes.
Your tenant trips over the gardening hose and and sprains their ankle:
- Optional landlord liability coverage can help with hospital bills and lost wages if you’re legally responsible for his injury.
If you are a landlord, it’s important to be prepared for the worst. Contact the Corwin-Rey team a call today, at 360-414-8754.
If you’re interested in obtaining a rental property but don’t know where to get started, check out this article by Farmers Insurance.