Insurance for you and your properties that you rent to others
You might be asking yourself “do I need landlord insurance?”, and the answer is always yes! While it’s not a legal requirement, like, say, car insurance, being a landlord comes with risks that you simply don’t have when you live in your own home, so it’s vitally important to make sure your investment is safe and secure.
For many landlords, your rental property is one of the biggest investments you’ll ever make. Whether you’re a full-time landlord or looking for another stream of income, a rental property is one of the safest bets when it comes to helping you build a nest egg for your family. However, it’s not always easy.
There are many things that can impact how well that nest egg fares as a landlord, from property damage and regular wear and tear to nightmare tenants and even dealing with court proceedings and evictions. All landlords do their best to make sure it won’t happen to them, but as we all know, life can throw you a curveball any time, so the importance of protecting your investment can’t be overstated.