Do you know the difference between renters’ insurance and landlord insurance? If not, it may be a good time to review some basics associated with each insurance type. Doing so will better prepare you for planning the amount of insurance you will need before moving into a rental unit.<\/p>\n
Renters’ insurance protects personal property stored within a rental. It also provides liability coverage. This type of coverage is useful if an injury or property damage occurs and a tenant is to blame.<\/p>\n
Renters’ insurance can also provide coverage for temporary living situations. For instance, if a rental unit is involved in a fire and becomes uninhabitable, a renters’ insurance policy may cover the cost of renting an alternate housing unit for the time being.<\/p>\n
Landlord insurance protects the owner’s land and each rental building situated upon it. This type of insurance is also designed to provide liability relief.<\/p>\n
It is important for a property owner to carry liability coverage since they may be faced with a situation that involves paying for an injury or property damage that occurs on their property. Landlord insurance is designed to prevent the loss of property and to minimize expenses that a property owner faces.<\/p>\n
A landlord policy can provide coverage if a rental is deemed uninhabitable. A landlord can receive funding in the event that a rental unit is unsafe to live in. This type of coverage is needed during renovations after a natural disaster or criminal act that results in damage.<\/p>\n
If you would like to learn more about each type of insurance, set up an appointment to meet with one of our agents from D & E Insurance Agency.<\/p>\n","protected":false},"excerpt":{"rendered":"
Do you know the difference between renters’ insurance and landlord insurance? If not, it may be a good time to review some basics associated with each insurance type. Doing so will better prepare you for planning the amount of insurance you will need before moving into a rental unit. Renters’ Insurance Renters’ insurance protects personal […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[7,22,23,24,15],"class_list":["post-143","post","type-post","status-publish","format-standard","hentry","category-renters-insurance","tag-d-e-insurance-agency","tag-insurance","tag-muskogee","tag-ok","tag-renters"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t