Why You Should Safeguard Your Real Estate Investment with Landlord Insurance

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11 Jan 2022
5 min read
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Owning rental property can be an exciting venture. However, it is not without risk.

As a landlord, you’re exposed to the potential negative consequences of property damage, accident liability and even vandalism. And as an investor, you require unique insurance coverage to protect your assets and financial well-being.

That’s where Steadily comes in. Temple View Capital is proud to partner with Steadily to offer our real estate investor clients the peace of mind that landlord insurance provides.

Committed to the long-term success of our borrowers, we’ve worked with Steadily to provide a special program just for them. Read on to find out more about landlord insurance, as well as how Steadily makes landlord insurance fast, easy and affordable.

Why Landlord Insurance Matters in Real Estate Rental Property Investing

Investing in real estate rental properties can be rewarding, but it's not without its share of potential pitfalls. From unexpected property damage to liability claims, landlords face a range of risks that could potentially lead to financial losses.

This is where landlord insurance steps in as a protective shield. Landlord insurance is designed to provide coverage for rental properties, ensuring that landlords are prepared for unforeseen events that might otherwise jeopardize their investment.

Property damage is a reality that landlords cannot afford to ignore. Whether it is due to natural disasters, accidents, or even vandalism, the cost of repairs can quickly escalate. With the right rental property insurance, landlords can rest easy knowing that they won't be left bearing the full burden of these expenses.

Liability is another critical concern for landlords. Accidents can happen on rental properties, and if a tenant or visitor sustains an injury, the landlord could potentially be held liable. Legal fees and settlements resulting from such incidents can be financially crippling. Rental insurance helps landlords navigate these situations by providing liability coverage, ensuring that their assets are shielded from the repercussions of unexpected accidents.

Choosing the Right Rental Insurance Provider

When it comes to choosing the right rental insurance provider, it's essential to consider your options carefully. Look for a provider that understands the unique challenges faced by landlords and offers tailored insurance offerings to address these specific needs.

The chosen insurance provider should offer comprehensive coverage options. Whether you own traditional long-term rental properties or are venturing into the realm of short-term rentals, you need coverage that aligns with your property portfolio. Flexibility in policy customization ensures that you're not paying for more coverage than what's necessary.

Moreover, transparency should be a cornerstone of the insurance provider's approach. Policies should be written in clear, straightforward language, without hidden fees or complicated jargon. This transparency indicates a commitment to serving the best interests of clients.

Steadily Secures Your Investments & Protects Your Future

When considering rental property insurance providers, Steadily should be on your list. They are the best-rated landlord insurance company in America, with over 923 reviews on TrustPilot.

They cover a wide range of real estate rental property types, from single-family rentals, to fix and flips, to short-term rentals, condos, townhomes, and beyond. They also cover Airbnb’s, VRBOs, and other rentals.

Steadily also offers coverage across all 50 states, meaning you’re sure to find coverage for your area. Plus, if you have rental properties that span multiple states, Steadily could be a single provider that helps you protect all of them.

Standing by your side as your partner in real estate investing, the team at Temple View Capital wants to help you in any way we can. Whether it’s providing financing for your next real estate investment or helping you protect your investments, we’re here to help.

Disclosure: Some of the links in this post are affiliate or joint marketing links and Temple View may earn a commission. Our mission remains to provide valuable resources and information that helps real estate investors finance and manage their investment properties efficiently and profitably. We link to these companies and their products because of their quality, not because of the commission.  By clicking our links you agree to receive marketing material by us or our affiliates and joint marketing partners.