Transform Your Wealth with Investment Property Insurance Secrets
Investment property insurance typically includes several types of coverage:
- Property Damage: Covers physical damage to the structure caused by natural disasters, fire, vandalism, and other perils.
- Liability Protection: Provides coverage for legal fees and settlements if someone is injured on your property.
- Loss of Income: Compensates for lost rental income if the property is uninhabitable due to a covered event.
- Contents Coverage: Protects personal property within the rental unit, such as appliances or furnishings you provide.
By following the options available, you can customize your policy to include the coverage types that best suit your investment strategy.