Month: July 2023

Owning a rental property can be a great option for people in the Zionsville, IN area. When you are an investment property owner, you will enjoy having an income-producing asset that can also appreciate in value. When you get this type of investment property, you do need to get the proper insurance for it. A landlord insurance plan can protect your Indiana investment property in various ways. 

Property Protection

One of the advantages of having a landlord insurance plan is that it can protect your property. With tenants occupying your home, you have less control over potential damage caused by negligence, fire, or other risks. When you have landlord coverage, you will have the support needed to make repairs. If the property cannot be occupied for a period of time during remediation, you may also receive coverage for any income you lost during that time.

Liability Support

There are also more liability risks that come when you rent a property out to a third party. If a tenant, or their visitor, is injured while on your premises, you can be held liable. If this happens, the cost to cover medical bills and other damages can add up quickly. If you continue to carry a landlord insurance plan, you will get support to mitigate this risk.

Reach Out To Us

If you are a property owner in the Zionsville, IN area and intend to lease the home out as an investment property, having landlord insurance is extremely important. As you are looking to build a new policy in this part of Indiana, you should call our team with the Completely Independent Insurance Agency. There are a lot of important choices to make when you are shopping for a plan, and our team with Completely Independent Insurance Agency can help you build a new policy.