Dwelling Fire / Rental Property Insurance

When you own a home and rent it out, you want to make sure you protect that investment against incidents like accidents, natural disasters, or theft which can leave you vulnerable to paying large sums of money if you aren’t properly covered.

HH Insurance knows the value you place on your home and offers a product specifically designed for landlords to protect their assets. Known as dwelling fire policies, these are landlord insurance policies that cover single-family or duplex homes that are rented and not vacant.

A dwelling fire (DP3) policy provides coverage that you can count on, and covers the following:

 

Loss of Rents

Loss of rents coverage provides a landlord with continuous rental income if their existing rental property must be evacuated due to repair work after a covered peril such as a fire or wind storm. If the property is uninhabitable and renters are forced to live elsewhere, loss of rents coverage ensures that the owner will not lose income from rental payments they would have otherwise received. This allows the focus to remain on repairing the property and not on financial hardship.

Personal liability and medical payments to others are valuable additions to your rental property insurance policy portfolio. If a tenant brings a lawsuit against you as the result of an accident on the property, this type of coverage can provide the money you will need to cover any medical costs, as well as funding your defense. Remember, as a landlord you are responsible for what happens on your property and can be held financially accountable if not properly insured.

 

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