Landlords often have insurance questions. After all, allowing somebody to use a space that you own can be complicated. It is for this reason that many landlords should have umbrella insurance.
The Insurance Shop USA provides answers for landlords in Sandpoint, ID. These are some of the ways umbrella insurance may help landlords.
Umbrella Insurance for Communal Areas
Perhaps you own a duplex that has a common area for residents. If this common area becomes damaged or causes an injury to somebody else, umbrella insurance may provide protection for this specific area not covered by renter’s insurance.
Umbrella Insurance for Tenant Damage
Perhaps you rented to somebody who punched several holes in the walls or who damaged the appliances you offered. If tenants cause damage to your rental unit, there is no guarantee that another policy will cover it. You can protect your own property and ensure the damage is covered with an umbrella insurance policy.
Umbrella Insurance for Break-Ins
Somebody could break into your house when you have no tenants. They can cause a lot of damage, even if there is little to steal inside. This means that you need to have an insurance policy to cover the damage involved.
Umbrella Insurance for Privacy Lawsuits
In some cases, tenants accuse their landlords of overstepping boundaries. Even if you are completely innocent of breaching privacy stipulations, it is helpful to have some protection in the form of an insurance policy.
Landlords Can Get Insurance Answers
The Insurance Shop USA provides assistance for many landlords in Sandpoint, ID. Contact an insurance agent today to learn more about umbrella insurance policies that could protect your assets.