TENANT DWELLING INSURANCE
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Tom Ruggirello Agency: Treasure Coast Landlord Insurance
Protecting Property Owners in the Sunshine State
Tenant dwelling insurance is designed to protect property owners who rent those properties to others as homes. Landlords face distinct, significant liabilities and risks in renting-out their properties. Although landlord insurance isn’t required by Florida law, property owners are nonetheless bound by certain legal obligations to their tenants.
Coverage for Landlord Obligations
Also known as ‘Tenant Occupied Property Insurance’ or ‘Landlord Insurance,’ tenant dwelling insurance helps you fulfil your obligations if unexpected disaster or accident befalls your property and/or tenants.
If you own rental property in tenant dwelling insurance is a must for protecting this important investment.
What Does Tenant Dwelling Insurance Cover?
As previously stated, landlord coverages and their amounts can fluctuate from one policy to the next. That said, a number of coverages are commonly included in tenant dwelling insurance:
Tenant Dwelling Insurance Building Coverage
Building coverage protects various buildings and structures on the property itself. In addition to tenant buildings, other covered structures can include:
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Garages
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Storage buildings
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Swimming pools
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Fences
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Retaining walls, and other structures
In addition, building coverage also protects any of the landlord’s personal property he/she may use to maintain and/or service the property.
Tenant Dwelling Insurance Liability Coverage
Liability coverage protects you, the property owner, from liability claims arising due to bodily injury and property damage suffered by tenants.
Tenant Dwelling Insurance Loss of Income Coverage
It’s quite possible that, in an emergency, you could be forced to temporarily suspend operations of your rental property. If that happened, loss of income coverage reimburses the property owner for loss of income during the closure.
Tenant Dwelling Insurance Equipment Breakdown Coverage
Equipment breakdown coverage reimburses the landlord for damages to insured property caused by mechanical failures of insured equipment.
Tenant Dwelling Insurance Tenant Move Back Coverage
If an insured event forces you, the landlord, to temporarily relocate tenants to alternate lodgings, tenant move back coverage helps defray the cost of moving them back home after the property is again deemed livable.
Tenant Dwelling Insurance Heating or Air Conditioning Loss Coverage
If an insured event forces you, the landlord, to temporarily relocate tenants to alternate lodgings, tenant move back coverage helps defray the cost of moving them back home after the property is again deemed livable.
Tenant Dwelling Insurance Tailored to Your Needs
When you purchase a tenant dwelling insurance policy from Tom Ruggirello, you have considerable latitude in regard to customizing the policy to suit your needs. A big part of our job is helping you understand how all the pieces fit. We’ll review all your unique risks and liabilities with you, thoroughly addressing any questions. We’ll help you make informed decisions regarding appropriate coverages for you and your tenants.
For a Free Quote on Tenant Dwelling Insurance, Call Tom Ruggirello Insurance Agency
If you’re shopping for tenant dwelling insurance, we’d be thrilled to speak with you! As a Florida independent insurance agent, we work with numerous tenant dwelling insurance providers, enabling us to do the shopping around for you!
At Tom Ruggirello Insurance Agency, we’re here to help you make informed coverage decisions. Got questions about tenant dwelling insurance? We’ve got answers! Call Tom Ruggirello Insurance Agency today at 772-621-9966!