Perhaps you’ve been a landlord for a while and you’re reevaluating whether you have the right landlord protection. Rental property is a great investment to make, but you have to make sure you and your family are protected. If you want your property to be protected, take care of your assets with a great landlord protection policy. Both you and your property will need to be taken care of when choosing a landlord insurance policy, and that’s where we come in. Mauceri-Bynum Insurance Agency in McKinney is here to make the selection process easier.
Landlord Protection Policy
Landlord insurance options are available in order to shield you and your family against personal injury, wrongful eviction, wrongful entry, and other non-bodily injury claims such as libel and slander. Although a landlord policy is not required by law, it is prudent to have some level of coverage so you know where you stand.
What Does Landlord Insurance Cover?
If you’re investing in a McKinney landlord protection policy, make sure you know what is covered under the terms of your agreement. While this varies between specific policies and carriers, a landlord policy will typically cover the following:
This provision covers damage due to events like fire, vandalism, theft, and storm damage that could occur to your building and is an important component of McKinney landlord insurance.
Liability insurance covers lawsuits, bodily injury claims, medical fees, funeral costs, legal fees, settlement costs, and other liability claims against you as the landlord for any events that occur on your property. McKinney liability insurance may also cover another person’s property damage in the event you could be liable as landlord.
Loss of Income
Coverage for loss of income comes into play when there’s a loss event such as a fire or flood that causes a tenant to move out and you to lose rental income. This landlord protection policy will help compensate you for lost income.
Learn More about McKinney Landlord Insurance
Call the experienced professionals at Mauceri-Bynum Insurance Agency today. We can identify the best landlord protection policy that will provide the coverage, value, and price you need. We can help make sure your Texas landlord insurance meets your needs and has you covered. Call 214-733-8400 to learn more about how our landlord insurance quotes work and see what we have to offer.