If you are in need of extra income, you may have decided to turn your home into a duplex and rent out the second floor. Maybe you are moving away and want to rent out your home before it sells. This is a stressful and worrisome process, especially if you don’t have a proper renters or Landlord Insurance. Luckily, Island Insurance Agency offers in-depth renters coverage at affordable rates in Manteo, NC.
As a landlord, you have probably experienced many instances of picture-hanging gone wrong, fish tanks that break and cause floods three floors down, and a vast array of other careless occupancy horror stories. This is where a great insurance policy can come through for you.
Whether you rent condos or have an entire apartment complex, you have to protect this huge investment. When things break, they need to be fixed, and the land needs to be cared for and tended to so it is not a liability for your tenants. To learn more about our landlord insurance coverage, please feel free to call our office today! We provide coverage options throughout Jacksonville, Wilmington & New Bern, NC.
Landlord Insurance Coverage
You can never be fully prepared for what is going to happen and with so much at stake, it's important to keep yourself protected. If you are a landlord in the Outer Banks of NC area, let the team at Island Insurance Agency help protect your dreams. These insurance policies generally offer three types of coverage- property damage, liability, and loss of rental income.
- Property damage coverage generally includes damage to your structure due to fire, wind, hail, and snow. It also covers any furniture you leave onsite for the tenant to use. Landlord insurance does not cover your tenant's personal property which means your tenant should purchase renters insurance to cover their belongings.
- Liability coverage protects you if someone is injured on your property. However, if your tenant's guest is injured on the property, their renter's insurance may cover any lawsuits.
- Loss of rental income coverage helps cover the income in your property is unable to be rented due to a fire or other situation.
When you are ready to purchase landlord insurance in the Outer Banks of NC area, contact us today!