Phoenix Insurance Brokers can help you protect your investment property from various insurance risks including tenant related events such as damage, theft or unpaid rent.
If you’re renting out your investment property, it’s important to have landlord insurance to protect your valuable asset. You never know when accidents might happen, leaving you without the means to collect rent or even rebuild your property. Landlord insurance will give you peace of mind that your investment will remain viable even during troubled times. What’s more, landlord insurance for residential investment properties may be tax deductible.
A bond is not sufficient to cover most tenant related incidents. A common mistake self managing landlords make is thinking they are saving on agent’s fees and insurance while putting their valuable asset at risk. Most tenants take good care of properties they lease; those that don’t may intentionally cause extensive damage that is not generally covered by standard policies.
Contact Phoenix Insurance Brokers today – you really can’t afford to not have landlord insurance if you lease your property.