Owning rental properties presents unique financial risks. Beyond the inherent challenges of tenant management and property maintenance, unforeseen events like fire, water damage, or liability lawsuits can quickly drain your resources. Understanding rental property insurance coverage is therefore crucial, not merely for compliance but for the long-term protection of your investment. This guide delves into the intricacies of various policies, helping you navigate the complexities and make informed decisions to safeguard your assets. We’ll explore different policy types, from landlord insurance to umbrella liability coverage, examining their benefits, limitations, and suitability for various scenarios. We will also cover crucial Read More …
