If you’re a landlord and want to protect yourself against unforeseen financial loss, shopping for landlord insurance should be at the top of your priority list.

Landlord insurance is specifically designed for those who rent out a piece of their property.

On this page, we’ll talk about the kinds of landlord insurance, what it covers, and how you can benefit from partnering with a Colorado insurance agency like Rick Baker Insurance.

Kinds of landlord insurance and what it covers

There are a few different areas of landlord insurance, but most commonly, landlord insurance is typically split into two different categories: property and liability.

Property coverage, like you might imagine, helps to cover the physical elements of your rented homes. This includes the home, garages or fences on the property, or personal equipment that you keep on site.

This coverage provides financial relief if you need to fix your rented home after it’s damaged by things like natural disasters or fires.

On the other hand, liability protection refers to the coverage you receive to cover the medical expenses of someone else that is hurt on your rental property.

This can keep you from paying out-of-pocket if one of your residents were to get hurt on your property.

It can also help pay for legal costs if one of your residents were to sue you.

In addition to property coverage and liability protection, most insurance agencies will also offer added optional coverage.

This includes coverage for things like vandalism, burglary, building code requirements, or rental property construction.

These are typically optional coverage, but you might want to consider them based on your location or area. A few extra dollars spent on your policy could save you thousands in the long run!

Do you need landlord insurance?

If you’re looking for landlord insurance, look no further than {[ agency.name }}. We provide a variety of policies based on your unique needs.

We would love to speak with you today about your property and coverage needs! To speak with a knowledgeable insurance agency, give us a call at 303-444-3334! We can’t wait to hear from you!

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