Landlords' Secret to Cutting Insurance Costs Revealed Here
Key Components of Landlord Insurance
To effectively cut insurance costs, it's important to understand the main components of landlord insurance:
- Property Damage: This covers damages to the building caused by natural disasters, fires, vandalism, or other perils.
- Liability Protection: This protects landlords from legal and medical costs if someone is injured on the property.
- Loss of Rental Income: This compensates landlords for lost rent if the property becomes uninhabitable due to covered damages.