Rental Property Insurance
Protection for your most valuable asset.
Protect your property.
As a landlord, you need special insurance to protect property that you rent out to tenants. Whether you have homes as investment property or whether you are temporarily renting your home, you want to make sure that you are covered in case of a loss with the proper rental property insurance.
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Special concerns for temporary rentals.
If you are a homeowner who rents out your property as a vacation rental for a couple of weeks or as a temporary rental during an event, you may assume that your homeowner policy will have you covered. Before you rent out your house through a website such as VRBO or Air BnB, sites that specialize in short-term and vacation rentals, talk to us.
While there are circumstances where your personal insurance will cover any losses sustained while short-term renters are there, what is covered depends on the policy you have with your current insurance company. If you are considering a long-term or short-term rental, we can help you understand when you need a special rental insurance policy.
What does your rental property policy cover?
The landlord insurance policy you buy for rental units does not cover any property that belongs to tenants, but should offer basic coverage for:
- The dwelling itself with any structures attached to it, such as decks, or those on the property, such as garages, sheds, and outbuildings.
- Liability coverage in case you are sued by a tenant who claims he was injured on the property.
- Loss of rental income if your rental units become uninhabitable after a loss.
How do you obtain rental property insurance quotes?
Homeowners insurance for a rental property can be complicated. Depending on what you need, your rental property insurance policy might cover several other things, such as vandalism and burglary coverage, coverage for property under construction, and coverage to bring your property up to proper codes after a loss. If you have multiple properties, you may even need personal umbrella insurance to cover yourself.
The dedicated agents at Palm Desert Insurance Agency will talk with you to understand the whole picture before offering you a rate comparison from different insurance companies. Once we find the perfect policies to meet your circumstances, we will continue to help you update your policy if your rental situation changes. For information, call us today at (760) 341-2345 or stop by our office.
We are proud to provide insurance services throughout California in Palm Desert, Palm Springs, La Quinta, Indio and the Coachella Valley. We also serve cities in Arizona such as Phoenix, Scottsdale, Surprise, Glendale and Mesa.
73241 Hwy 111, Ste 1-B
Palm Desert, CA 92260