Rental Property Homeowners Insurance Transforms Your Investment Dream
Real-World Examples and Statistics
According to a study by the Insurance Information Institute, around 85% of homeowners have insurance, yet many landlords overlook the importance of rental property insurance2. This oversight can lead to significant financial loss. For instance, a landlord in Florida faced a $50,000 repair bill after a hurricane, which was fortunately covered by their insurance policy3. Such examples underscore the necessity of having the right coverage.