Your closing date for your rental properties is quickly approaching, and you have things to do.
One of these things is to purchase the right insurance policy for the new property you are buying, but what type of policy do you need?
Is this a question you’re struggling with?
As a new landlord, this is likely not the only question you have about landlord insurance. Instead, there are probably lots of things you’re wondering.
If you have questions related to landlord insurance, you’re in the right place. Here are some of the top things people in your position want to know as they venture into the world of running a rental property business.
Keep reading to find out the answers you need the most. [Read more…]
Umbrella insurance has nothing to do with insuring umbrellas.
From college students to professionals or families who rent long-term or are just staring out with their first apartment, rental insurance is an important option to consider for your safety and financial security from the moment that you sign your lease. All too often, rental insurance gets a bad reputation for being expensive and “a waste of money”, but, as often occurs with insurance, you only need to require its services once and you can often see its worth quickly. Let’s not forget that we don’t buy insurance because we want to use it; for example car insurance in case of an accident, life insurance for our family when we pass, rental insurance in case our apartment burns down… you get the idea. 
I’m pretty confident that if you asked anyone who has ever owned a rental property you would get an overwhelming response that it’s not as lucrative or easy as they thought it would be. In fact, owning a rental property can be a major pain, and end up costing you a ton of money!
