Investing in real estate comes with a series of risks that may encourage you to research available insurance products. Consider the type of establishment or residential dwelling you plan to invest in. Then, compare insurance products that will protect each investment you make.
Real Estate Coverage
Real estate coverage protects against the same unforeseen circumstances that a private dwelling or commercial business faces. This type of coverage reduces a buyer’s risk when investing in a new property.
Landlord Coverage Types
Landlord coverage is a type of insurance that an investor can acquire to offset financial loss. It can be tailored to provide a specific amount of protection for a residential or commercial dwelling.
The protection can cover unforeseen criminal activity and weather-related events. It can also provide liability protection. Liability protection will protect against injuries or theft that an occupant incurs while they are renting space.
Disaster Coverage
Disaster coverage will protect against fires, smoke, and other types of disasters that would make an investment unsafe to occupy.
Many investors purchase properties that aren’t going to be visited on a daily basis. For this reason, it can be greatly beneficial to have disaster coverage that will protect an investment day and night.
Sewer and Waterline Coverage
Sewer and waterline coverage protects against backups that would make a sewer system or water system inoperable. This type of coverage would pay for out-of-pocket costs that an investor is responsible for handling.
Real Estate Insurance Advice
A Texas Independent Insurance agent can help you pick out insurance products that will benefit you as a real estate investor. Contact one of our agents who serve Allen, TX. Then, meet with the agent to discuss your personal investments with them.
