Renting a property can be a significant investment, but it does come with some risks. Disasters happen, and your landlord’s insurance may not be enough to protect you fully. As a landlord in Commerce, GA, it is essential for you to require your tenants to have a renter’s insurance policy. Encourage your tenants to call Hyman Brown Insurance Agency Inc. today to establish their policy. The benefits to your tenants are clear, but there are also many benefits for you as a landlord.
- Without renter’s insurance, a tenant may ask a landlord to cover the cost of replacing their items damaged due to flooding from a burst pipe, etc. With renter’s insurance, their items are covered, and replacement is straightforward.
Reduce the Risk of Legal Problems
- A landlord might be held liable if a guest or other third party is injured on the rental property. If your tenant has renter’s insurance, the policy covers that liability, saving all parties time and out-of-pocket costs.
Pet Liability Coverage
- Renter’s insurance takes the risk out of allowing pets in your rental properties. Some renter’s insurance policies may cover damage to the property by your tenants’ pets, saving everyone headaches in the long run.
Renter’s insurance is becoming a must-have for all renters, and landlords like you should consider requiring your tenants to have it, no matter what type of property they rent. It has numerous protections for them and often overlooked benefits and protections for you as their landlord. Call Hyman Brown Insurance Agency Inc in Commerce, GA today to talk about options available to tenants. Then, please give them our number and encourage them to explore their options to help protect themselves and their belongings.