Most homeowners recognize the necessity of hazard insurance; your rental property though may need its own product.

First, we must understand what a regular homeowner’s insurance policy covers. A standard policy is purchased to protect your home, personal belongings and you from any potential claims. This comes at an annual fee that is often impounded into your mortgage payment.

As for your secondary or rental property, that would be protected by a dwelling policy which is meant for non-owner-occupied homes. These policies are a bit more expensive as landlords can expect to pay roughly 20% more than what homeowners pay for insurance market wide. 

Here are some of the factors that affect the cost of landlord insurance:

• The size of the property and the number of rental units being insured
• The age and condition of the property
• The geographic location of the property
• The specific policy and amount of coverage you’re purchasing

Call us for your free no obligation quote today; our agents are ready to assist you Monday through Friday 8AM to 5PM PST toll free at 1-(877)-968-8825