Renting Out Your Home? Use These 3 Types of Insurance to Keep Yourself Covered

Renting out your home is a great way to cover your expenses and even make a profit throughout the year. But it’s important to protect your home and yourself from various issues that may come up while tenants are renting the place out. Whether you’ll be renting out your home on a short or long-term basis, here are three types of rental property insurance that you can’t afford to be without:

Home Owners Insurance

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  • Business Insurance – If you plan to rent out your home on a short-term basis regularly throughout the year (for example, as a bed and breakfast or vacation rental) then you’ll need business insurance to cover accidents, injuries, and damage that might occur at the residence.
  • Rental Dwelling Insurance – if you plan to rent your home out to the same tenants for more than six months at a time, it’s essential to have rental dwelling insurance in place to cover natural disasters and other accidents that are common in the area.
  • Renter’s Insurance – Unlike the other two types of insurance listed here, renter’s insurance will cover the personal belongings of your tenants so there are no disputes to worry about in case of damage or theft.

With these insurance put into place, you can rest assured that your home, your personal assets, and your tenants’ assets are all protected from a myriad of different challenges that might come up from time to time. Don’t hesitate to contact us for more information about protecting your rental property.

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About Schumacher Insurance Agency

Why trust us? What do we do different than every other insurance agency? Consider this an invitation to get to know us. We believe we are an exceptional team of protection specialists that work hard to do things the right way, to educate our clients on insurance, and make the experience effortless. We are excited to introduce a new insurance experience for our customers. We encourage you to speak with our team who can show you how different we are… from text messaging services for late payments to educational insurance concepts on Facebook. We will prove our innovative approaches to obtain the proper coverage’s for you, your family, your business. Insurance is likely not the most interesting affair for everyone, but it is most certainly ours! Yes, we are insurance geeks!

Posted on March 20, 2015, in Agency, Uncategorized and tagged , , , , . Bookmark the permalink. Leave a comment.

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