Being a landlord comes with risks every day. From tenants, to maintaining the property for multiple people, there is a lot of room for potential costs. Being found liable for someone getting injured on the property or damages to the building are just a few of the common grounds that all landlords face. Making sure that you are completely protected when an accident occurs, is why Power3 is here.
Your policy could help cover you for any medical or legal costs you may incur while being a landlord. It may also help pay for any damages that occurred on the property up to a certain amount stated in your policy.
Basic landlord liability insurance may include the following:
Tenant injuries: if you’re found negligent in maintaining the property, or failed to warn the tenant of a potential safety risk
Proper security for your tenants: in terms of lighting and parking safety
Unlawful behavior by tenants that you fail to take measures against your tenants if you were to have issues with any neighbors
Liability: to cover you against claims of accidental damage in relation to your property
Fair Rental Value Coverage: to cover lost income due to your property ever being declared unlivable due to a covered loss
Inflation Protection: which automatically adjusts your policy limits to changing inflation rates
Personal Injury Protection: should a tenant claim injuries arising out of libel, slander, invasion of privacy, wrongful eviction or wrongful entry
Lock replacement: to cover the costs of replacing locks and keys (if lost or damaged)
We are committed to providing a personal, high-quality service
At Power3, we understand that most insurance products are generally similar in price and function. But some companies don’t thoroughly explain their policies which can become a bigger issue in the future. We built our company around trying to avoid just that– we promise honesty so that there are no surprises. Power3 will give you all the information and assistance you need when it comes to your personalized insurance plans and all-around well-being.
Companies we partner with
We have your best interest at heart. With that, we only partner with trusted insurance companies we see as both affordable and of the highest quality.
Get a Landlord Liability quote
Fill out the online form below or call 630.397.0378 to get started on your free quote.