If you’re a landlord in North Carolina or South Carolina, you need to be able to protect yourself. Whether you own a duplex, a triple-decker, condos, or some other property that you rent out, you can be assured that Spivey Insurance Group will do what it takes to get you a reliable policy.
Today, many people rent out all or part of their primary residence or their secondary home for extra income. Or sometimes, people become “accidental landlords” when they buy a new home but still own the prior home for one reason or another. If you’re among that number, don’t count on your standard homeowners policy for protection without talking it over with us first. Most standard homeowners policies don’t cover property rentals – particularly any that would be classified as a business. This could put you in jeopardy should any problems occur.
Whether you’re a professional landlord or you just rent out your home on occasion, talk to use at Spivey Insurance Group. We’re experienced with various rental scenarios and can advise you about whether you should have specific rental property insurance or an endorsement on your homeowners policy to cover rental situations. We work with more than 30 of the nation’s finest insurance companies and can find the right coverage to offer you the best protection.
Rental property insurance – also called landlord insurance – typically would cover the structure of the property, liability coverage for damage to persons or property, and protection for lost rental income. The most common types of rental property insurance would provide you with up to a year’s worth of rental income should your property be unusable, so you would have the resources to get back on your feet. Rental property insurance does not cover your tenant’s property. Some landlords require tenants to secure their own renters insurance to prevent any misunderstandings.
We love helping our neighbors build the right financial safety nets, it’s what we do best.
When it comes to protecting your rental property, look to a trusted coverage source in your community. We invite you to find out why so many of your neighbors are referring us to their friends and colleagues.
If you have questions about your rental insurance options, feel free to give us a call at 704-821-4460 or stop by our office – we’d love to meet you and talk things over. You can also get a free, no-obligation quote by filling out the form on the page.