Protecting your investments is crucial to your success as a real estate investor.
Real estate investor insurance can help you safeguard your properties against unexpected risks and liabilities. At our Insurance Agency, we offer comprehensive insurance solutions designed specifically for real estate investors.
Coverage Options
Property damage
Protects your properties from damage caused by fires, storms, and vandalism.
Liability
Provides coverage if someone is injured on your property and sues you for damages. This can include medical expenses, lost wages, and pain and suffering.
Loss of rental income
If your property becomes uninhabitable due to damage from a covered event, loss of rental income coverage can help you recoup the rent you would have collected during the repair period.
Equipment breakdown
Covers the cost of repairing or replacing equipment used on your property, such as HVAC systems, refrigeration equipment, and more.
Benefits of Real Estate Investor Insurance
Protection for your assets Real estate investor insurance can help protect your investments and mitigate potential losses.
Peace of mind Knowing that your properties are covered against unexpected risks can provide peace of mind and allow you to focus on your investments.
Risk management Insurance can help you manage risks associated with owning and managing rental properties, allowing you to make informed investment decisions.
Click And Learn
Physical Structure
Liabilities
Equipment breakdown
Fair rental value
Ordinance of law
Physical structure coverage
Risk Factors
If a storm damages an apartment building’s roof, the owner can file a claim against their physical structure coverage.
Solution
This type of coverage protects the building’s structure, like its foundation, roof and walls. It also covers detached structures on the property, like garages and maintenance buildings.
Liability coverage
Risk Factors
You may need to pay medical expenses and legal costs when a tenant, customer of a tenant, or guest at a residential property sustains an injury.
Solution
Typically, this type of coverage doesn’t cover the everyday misfortunes of tenants, such as a tenant slipping and falling in his kitchen. But if a leaky roof causes a guest to slip and fall in a common area such as a lobby, liability coverage can pay medical costs and legal bills.
Equipment breakdown coverage
Risk Factors
Landlords can face big repair and replacement costs if a power surge damages a building's electrical system, a grass cutting machine, or a heating boiler explodes.
Solution
Equipment breakdown coverage can help a landlord repair or replace damaged equipment.
Fair rental value coverage
Risk Factors
While tenants move out of the office building due to the tornado damage, the landlord needs to pay for its repairs.
Solution
This type of coverage can help pay for lost rental income if a building becomes uninhabitable due to a covered loss. For instance, if tenants must move out of an office building to repair tornado damage, fair rental value coverage can reimburse the landlord for a portion of the lost rental income.
Ordinance of law coverage
Risk Factors
Oftentimes, older rental properties don’t meet current building codes.
Solution
If a property sustains a covered structural loss, ordinance of law coverage can help cover the additional cost of reconstructing the building to meet the current codes.
At our Insurance Agency, we understand the unique needs of real estate investors. Our experienced professionals can help you design a customized insurance solution that provides the coverage you need to protect your investments.
Contact us today to learn more about our real estate investor insurance options and how we can help you safeguard your properties.
