What is Landlords' Insurance?Landlords' insurance is an insurance policy that covers a property owner from financial losses connected with rental properties. The policy covers the building, with the option of insuring any contents that belong to the landlord that are inside. Landlords' insurance is often referred to as buy-to-let insurance, however buy-to-let insurance is a type of landlords' insurance. It is important to distinguish between buy-to-let insurance which generally covers one property that has been purchased with a buy-to-let mortgage, and multi-property insurance, which covers two or more properties. Each of these types of landlords' insurance covers different things.
What is Usually Covered With Landlord Insurance?The policy will normally cover standard perils such as fire, lightning, explosion, earthquake, storm, flood, escape of water/oil, subsidence, theft and malicious damage. Each insurance policy is different and may or may not include all these items. Optional coverage might include accidental damage, malicious damage by tenant, terrorism, legal protection, alternative accommodation costs, contents insurance, rent guarantee insurance, and liability insurance.
Landlords' insurance policies typically do not cover any personal property belonging to tenants, or otherwise protect the interest of tenants; although a liability policy protecting a landlord or property manager will be of benefit to tenants should they incur a loss for which the landlord is responsible. Contact us to learn more about the right landlords' insurance policy for your property. |
Licensed in Florida, New York, Connecticut, Maryland, New Jersey, and Pennsylvania
FEW-0617AO (8/2018) | FINRA Broker Check
FEW-0617AO (8/2018) | FINRA Broker Check
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Products are underwritten by the issuing life insurance company.
Insurance products are subject to underwriting guidelines, review and approval.
Products and discounts not available to all persons in all states.
Securities offered through Nationwide Securities, LLC., member FINRA, SIPC.
DBA Nationwide Advisory Services, LLC. in AR, CA, FL, IL, NY, TX, and WY.
Representative of Nationwide Life Insurance Company, affiliated companies and other companies.
Insurance products are subject to underwriting guidelines, review and approval.
Products and discounts not available to all persons in all states.
Securities offered through Nationwide Securities, LLC., member FINRA, SIPC.
DBA Nationwide Advisory Services, LLC. in AR, CA, FL, IL, NY, TX, and WY.
Representative of Nationwide Life Insurance Company, affiliated companies and other companies.