Tennessee Rental Property Owner Insurance
Safeguard your investment with rental property owner insurance
Responsibility for a rental property is as important as caring for your own home. Rental property owner insurance, also called landlord insurance, applies to different property types like single-family homes, multi-unit apartment buildings, condos, townhouses, and more. It can offer benefits such as protection for the physical structure of the property against perils like fire and storms, liability coverage for tenant or visitor injuries, and compensation for lost rental income during repairs. Protect your income-generating real estate and find peace of mind with a rental property owner insurance policy.
What may rental property insurance cover?
The structure of your property. If your property has been damaged by certain hazards such as fire, storm-related damages, or sometimes vandalism, rental property insurance will may cover the cost.
Owner injury and liability claims. Your rental income loss could be covered if an injury or liability claim is made against you (the owner).
How much rental property insurance coverage do I need?
Our agents use the latest tools to help determine the coverage and policy needs of your property. Speak to a local agent about your coverage options.
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Common questions about rental property owner insurance
What is rental property owners insurance?
Rental property owners insurance is a type of insurance designed to protect property owners who rent out their residential properties. It can provide coverage for property damage, liability, and loss of rental income. It may also provide coverage for other structures and personal property owned by a landlord.
Do I need rental property owners insurance?
Rental property owners insurance is highly recommended for property owners who rent out their properties. It offers essential protection against various risks, including property damage, liability claims, and lost rental income, helping to safeguard your investment.
How much is rental property owners insurance?
The cost of rental property owners insurance varies depending on factors such as the property's location, type, value, coverage limits, and other variables.
How does rental property owners insurance work?
Rental property owners insurance works by providing protection to property owners who rent out their properties. In the event of a covered loss, such as property damage from perils, the insurance policy may pay for repairs, medical expenses, or legal costs, depending on the coverage. It may also include coverage for lost rental income during property repairs or if there is a covered loss. Property owners pay a premium for this coverage, and when a claim is made, the insurer steps in to provide support as outlined in the policy.
