Insurances.net
Insurances.net » Mortgage Insurance » Tenant-Occupied Home Insurance - Must Read for Landlords!
Auto Insurance Life Insurance Family Insurance Health Insurance Travel Insurance Mortgage Insurance Buying Insurance Accident Insurance Housing Insurance Personal Insurance Medical Insurance Property Insurance Mobile Insurance Internet Insurance Pregnant Insurance Dental Insurance Children Insurance Baby Insurance Employee Insurance Liability Insurance Pet Insurance Boat Insurance Cancer Insurance Insurance Quotes Others

Tenant-Occupied Home Insurance - Must Read for Landlords!

Tenant-Occupied Home Insurance - Must Read for Landlords!
Share:    

The best referral any insurance agency can ask for is its track record.


Laizer Schonbrun, insurance agent par excellence, works for one of the fastest growing agencies in the United States. He relates the following success story in regard to a tenant occupied account.

"I really felt bad for the owner of a tenant occupied home. He called us on a whim and complained about how his bank had forced a specific insurance policy on him. Not only did the coverage seem inappropriate, but the associated premium was very high.

"As always, I was there to help anyway I could. I got to work scouting my agency's network of underwriters and in less than a day, I found more coverage that was more apropos at an extremely competitive quote which I bound. Thereafter, I forwarded the new insurance information on to the bank.Tenant-Occupied Home Insurance - Must Read for Landlords!
Share:    


"In my day to day experience, this was just another insurance success! For the new client, it was a day that spelled relief and a mega dose of thanks to me and my team!"

The following info about tenant occupied dwellings is but a brief summary.

Nonetheless, it serves to inform the public in a significant way.

Tenant-Occupied Homes and the Corresponding Insurance Options

If you own a primary residence home that you rent out sporadically for short amount of periods, an independent agency may be able to sift through the underwriters it deals with to find a temporary rental policy. If not, you will need a related rider attached to your current home insurance.

If you want to continuously rent your primary residence for a short amount of time to different renters, you probably will need a business policy, like that provided to hotels, motels.

On the other hand, if you own a vacation home or an investment property that you want to rent out for long terms a landlord's policy is mandatory.

This type of policy includes the following forms of coverage:

Physical damage coverage

Personal property coverage (for appliances left for the renter's use)

Liability coverage

Loss of rental coverage is something a landlord can opt for as well. This protects you in the event your renter leaves and no replacement renter is found. It also shields you from the financial loss when you cannot rent out your property due to repair work or necessary rebuilding as a result of damages that are covered under your policy.

For more on tenant-occupied dwelling insurance, speak to a professional independent agency with a reputation that tells you the customer is the focus of operation.

PRIME Insurance is a multi-generation family-run independent agency that proudly does direct business with over 40 of the leading insuring companies. This naturally gives us the edge over others to provide tailored home, auto, commercial, life insurance and more at the most competitive quotes. Visit us at https://www.primeins.com/ or contact us at Prime@primeins.com or 732-886-5751 and HAVE A PRIME DAY!

By M Wyzanski
Factors Affecting Mortgage Refinance Approval In Pakistan Home Mortgage FAQ Is it time to stop filling your Landlord's Wallet? by:Josh Dorkin Mortgage Assignment And Subject To Existing Financng Investing Method Called A Crime In Economy! How To Begin When Looking For A Mortgage Refinance Tips To Easily Select The Most Suitable Mortgage Refinance Rates Cmhc Insured Mortgages Vs. Non Cmhc Insured Mortgages Requirements For A Mortgage Refinance Insurance Broker Canada | The Drawbacks With Mortgage Insurance Short Sale Or Mortgage Refinance: Which Is The Best Underwater Mortgage Option For You? Uk Mortgage Insurance-need For Mortgage Protection Insurance Best Deal For Short-term Income Protection Insurance And Mortgage Insurance Mortgage Protection Insurance Advice-free Online Quotes
Write post print
www.insurances.net guest:  register | login | search IP(3.93.74.227) / Processed in 0.015672 second(s), 6 queries , Gzip enabled debug code: 36 , 3087, 965,
Tenant-Occupied Home Insurance - Must Read for Landlords!