Landlord Coverage which is ideal for you
At Hit & Go Insurance, we offer affordable rates!
We offer industry-best rates for the coverage of any properties that are right for you as a landlord.
Landlord insurance is essential for protecting your investment property and safeguarding your financial interests as a rental property owner in California. By understanding your coverage options and selecting the right policy for your needs, you can have peace of mind knowing that you're prepared for potential risks and liabilities associated with renting out residential properties.
What Does It Cover?
- Property Damage: Protects the physical structure of your rental property, including the building itself and any attached structures, against damage caused by covered perils such as fire, vandalism, or severe weather.
- Liability Protection: Covers legal expenses, medical bills, and liability claims if someone is injured on your rental property or if you're found responsible for property damage or other losses.
- Loss of Rental Income: Provides reimbursement for lost rental income if your rental property becomes uninhabitable due to a covered event, such as fire or flood, and tenants are unable to occupy the premises.
- Personal Property: Offers coverage for personal property you own and use to maintain or service the rental property, such as appliances, tools, or equipment.
- Additional Coverages: May include optional add-ons such as earthquake insurance, flood insurance, or umbrella liability coverage for extended protection.
Running leasing properties in California requires unique considerations for landlord coverage in locations in which certain hazards are increased.
Additional Tips from Our Experts
- Understand Policy Limits: Familiarize yourself with the coverage limits, deductibles, and exclusions of your landlord insurance policy to ensure you have adequate protection.
- Screen Tenants Carefully: Conduct thorough tenant screening processes to minimize the risk of renting to high-risk tenants who may cause damage or pose liability risks.
- Maintain Your Property: Regularly inspect and maintain your rental property to prevent damage and ensure it's in good condition for tenants.
- Consider Additional Coverages: Depending on your property's location and unique risks, consider adding optional coverages such as earthquake insurance or flood insurance for added protection.