Rental Property Insurance

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The Perfect Insurance Plan for Rental Properties

Most landlords prefer to own a rental property because it is an attractive investment. But owning a rental property also carries untold risks. You need to insure your property against unexpected circumstances and occurrences like water or fire damage. You even need liability coverage to protect yourself in case someone gets injured while on your property. In addition, your lenders might ask for rental property insurance if there is an existing mortgage on the property. Allstate provides the right lender insurance coverage designed to protect your rental property in line with your needs. The policy provides appropriate protection for detached private structures, dwelling protection, as well as liability. This ensures that you are completely protected and you can have peace of mind while also protecting your investment.

Optional Rental Insurance Coverage

The rental insurance coverage protection against earthquake damage and also provides water damage protection. The plan can also cover your appliances and rental income. Various forms of water damage protection are offered here. The available options include limited sewer backup, enhanced water damage, groundwater and sewers, and groundwater, sewers and overflow of body of water coverage. The option that would be available to you depends on your province.

  • The plan protects your rental property. It can protect any kind of property whether rental house, apartment, or rental condo.
  • The rental property insurance policy covers dwelling protection, detached private structures protection, and liability protection.
  • The liability coverage ensures that you are protected in the event that you are held liable for the death or injury caused to someone on your rental property.
  • Optional coverage in this plan include coverage for earthquake damage, water damage protection, coverage for appliances, and coverage for rental income.
  • The available options for water damage protection include limited sewer backup, enhanced water damage, groundwater and sewers, and groundwater, sewers and overflow of body of water coverage. The option that would be available to you depends on your province.

 

 

Additional resources

Learn more about related insurance from these informative articles.

Insurdinary provides a comprehensive quotes comparison sends straight to your inbox so you can start comparing health coverage in minutes. See plans from several major Canadian insurers to choose the right option for you. Our customer health specialists are also available to address your questions and concerns.

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