Rental Property Insurance Quotes
The difference between homeowners insurance and rental property insurance
Being a landlord might sound like the ideal situation. You are making money on your home by renting it out to qualified individuals. Maybe you accidentally found yourself in the landlord position. You bought a new home and you couldn’t find anyone to buy your house so you decided to rent it out to counteract the fees of possessing to homes. Now what? Well, the first thing that you need to know is that general homeowners insurance will not cover the expenses and potential risks that come with renting out your property. Unfortunately, accidents and damage to your property or possessions by third-party renters are a big threat to what could be a successful and simple way to gain some extra cash.
That is why it is important to consider getting rental property insurance in order to protect your property, and yourself. Without the proper coverage, you could find yourself paying out of pocket for damages such as fire, theft, or other damages throughout the property. As a renter in Pittsburgh, you may find yourself facing potential geographic limitations and risks to your property. You also may need to update your property to maintain proper fire and other regulations. Although rental property insurance is not required by law, you will be protecting yourselves from unpredictable losses like natural disasters. Rental property insurance is an obligation to cover your property and yourself as you rent it out.
Do you need rental property insurance?
You may find yourself dwelling on this question quite often as you choose to rent out your property. Ultimately the answer is up to you. But if you want to make sure that you’re not at risk of financial damage to your property, then rental property insurance is the responsible decision for you. The money you put into this coverage will save you money in the end, and those are the best kinds of deals.
You can find the best rental property insurance in Pittsburgh with Rupp Fiore. Whether you are renting out a duplex, multiple properties, vacation homes, etc., we will find you the best price and quality rental insurance. Living in your own home, it is already enough of a hassle to maintain and fix up any issues. Renting out other properties just adds uncontrollable worry to your life, as the renter. Get a free rental insurance property quote with us at Rupp Fiore. Did we mention, it is free?