Your Condominium Unit Owner’s Insurance covers unintentional bodily injury or property damage caused to others while on your premises. If one of your guests were to slip and fall while on your property, or there were a fire in your unit which spread to an adjacent apartment, then you could...
What does rental property insurance cover? Although specific coverage options may vary depending on the company you work with, here are some common coverage types that are likely to be included in your rental property insurance: Dwelling coverage:Helps pay for repairs to the structure. ...
Renters insurance is a type of property insurance that protects the personal belongings of the insured as well as against liability claims. It is offered to renters of various properties such as a house, townhome, apartment, condo, loft, studio, mobile home, and the like. Many also refer to...
Vet potential tenants who have applied to live in your rental property with these tips When a potential tenant applies for occupancy in your rental property, there is a lot of information you can find out about them through a comprehensive, but fair application. Real Estate August 30 These fiv...
If you're renting out your home or other property, you need to make sure you’re protected from damage, liability, and more with short-term rental coverage.
Personal property insurance: If a guest breaks or damages your home or personal belongings, you may be able to file a claim for that damage. Loss of income: A bad storm, kitchen fire or other covered loss could make your home uninhabitable for guests. Loss of income coverage can reimburse...
For example, let’s say you don’t have insurance and you rent a car in California. The required minimum car insurance in California covers up to $5,000 in property damage to other vehicles if you cause an accident, but it doesn’t cover damage to your rental at all. In fact, no ...
The profit you should make on a rental property typically ranges from 6% to 8% annually, after accounting for expenses like maintenance, taxes, and insurance. However, the ideal profit margin can vary based on location, property condition, market conditions, and the initial loan amount. Is it...
Then you would file a personal property claim under your homeowners, condo, or renters insurance policy. Compare Car Insurance Quotes Get free personalized quotes with one simple form. Compare Quotes Do I Need Rental Car Insurance? You typically only need rental car insurance if you don’t have...
Rental car insurance from the rental company can cover: Bodily injury liability Property damage liability Collision coverage Comprehensive coverage Medical bills coverage Roadside assistance Loss of use of the car (reimbursing the rental company for the revenue lost while the car was being repaired) ...