Mason Insurance Company Offers Insurance for Landlords and Short-Term Rentals in the North Carolina Area
The greatest challenge for many landlords is preserving the quality of their property. Renters and tenants often do not treat the place they are staying with the same care that they would treat their property. This goes for short and long-term rentals as well.
Your investment relies on your ability to keep your property in good working condition. The cost of any damages or necessary renovations can eliminate the profit that you intend to make from renting in the first place.
Landlord insurance acts as a compliment to renters’ insurance. It offers you, as a landlord, protective coverage if the tenant renting from you damages your property. Landlord insurance can also act as protection from liability, in case something happens on your property or something on your property affects your tenants.
If you want to learn more about the potential protection of landlord insurance, don’t hesitate to contact us today.
Do I Need Landlord Insurance?
While it is a good idea to require tenants to have rental insurance on file for their coverage, it must be understood that renters’ insurance does not protect you or your home from damages. Some of the potential coverage your property may be lacking are:
- Any damage that is not covered by your tenant’s rental insurance
- Damages made to any of your personal property that was left at the home.
- Liability for any injuries that occur due to perceived negligence on your part.
- Coverage of damages from tenants who have allowed their renters’ insurance to lapse.
Just as it is a good idea to require renters’ insurance from your tenants, landlord insurance can also be a fantastic way to protect your home from potential damages.
In situations where theft, vandalism, or damage occurs on your vacant property, landlord insurance can also provide coverage for potential damages or loss. Its job is to step up when renters’ insurance doesn’t offer the protection that you need and provide security and confidence in your investment when you aren’t there.
Contact Us Today and Get Your Landlord Insurance Coverage in Raleigh, North Carolina
As a landlord, we at Mason Insurance understand that your property is your investment. That’s why it’s important to make sure that your entire property has coverage for any possible damages or loss of value. Landlord insurance protects you when renters’ insurance fails.
As a local insurance broker, Mason Insurance Company can reach out to local insurance providers, compare coverage rates, and provide you with the best policy for your investment. We can connect you with the insurance and coverage that works best for you and protects your home. If you’d like to start the process or learn more about landlord insurance, don’t hesitate to give us a call at (480) 660-5855 today.