Rental Property Insurance
Renting your property to tenants can be a great source of income; it is important that you protect that income by ensuring you have an insurance policy specifically tailored to renting out properties.
While some homeowners policies will provide additional coverage for renting out a portion of your property, they will usually do so for a fee and provided that you live in the other portion. Should you rent out the entire property, insurers usually require that you insure the property as a rental property under a separate policy. The rental property policy will look similar to a typical homeowners policy however, it is specifically tailored for this use.
Western Financial Group brokers have access to policies from a number of insurance companies that offer specialized rental property insurance which provides coverage unique to your needs as a rental property owner.
Some areas to discuss with your broker when considering which coverage is most suitable for you:
- By-Laws
- Glass Coverage
- Limit of insurance
- Loss of rental income
- Sewer Backup
- Type of property (condominium, house etc)
- Vandalism and theft by tenants
At each Western Financial Group office you will also benefit from our industry leading Guarantee of Value which includes competitive prices, coverage review, Fairness Guarantee and local, professional staff who care. We make it our mission to earn the privilege of handling your insurance needs.
No Worries Claims & Emergencies
We know accidents and emergencies don’t always happen during regular business hours. To make a claim after hours, call our toll free 24/7 emergency claims phone line at 1-877-599-7299. It is our promise that one of our brokers will contact you on the next business day.
If you have a claim during regular business hours, call your local Western Financial Group broker.
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