Fullerton Landlord Protection Insurance | Allco Fullerton Insurance Agency, Inc. in Fullerton, California

Landlord Insurance

As a landlord, there are multiple facets to protecting your property, which is likely a significant source of income for you.

First, you want property insurance. This covers any dwellings you own in the event of damage from fire, lightning, wind, hail, and other covered types of loss. That way, you don’t have to worry about repairing or rebuilding out of your own pocket, save for your insurance deductible, which is a relatively small percentage of your claim in return for the coverage you receive.

Property insurance also covers other structures, such as garages and fences, if they are damaged. Additionally, property insurance covers items you use to maintain your investment, such as lawnmowers, snowblowers, and large garden tools, in case they are damaged by fire or natural disaster.

There’s another type of insurance all landlords should have, and that’s liability insurance. This covers you for accidents on your property should you be at fault, such as if a tenant or visitor falls because you failed to remove ice from a common stairway.

Landlord liability insurance can also cover other types of personal injury, wrongful eviction, wrongful entry, libel, or slander. We live in a world full of litigation today, and it’s not unusual for landlords to be at higher risk because their properties expose them to potential lawsuits.

Other types of insurance you may wish to consider as a landlord include:

Vandalism coverage
Insurance to replace burglary of items used to service your property
Construction coverage during renovations
Insurance for building code upgrades required as the result of a repair or rebuild

Your rental property is an investment and possibly even your sole business. Don’t risk going without coverage you need to maintain your source of revenue. Call Allco Fullerton Insurance Agency, Inc. today at 714-992-2390, and let our independent agents help you find the perfect coverage for your unique landlord situation. We are a Dave Ramsey Endorsed Local Provider (ELP).