Renters Insurance to Protect Landlord In 2022

Last Updated: 30th January, 2022

Can you get renters insurance to protect the landlord? A renters insurance policy protects the tenant’s personal goods as well as liability coverage for certain forms of bodily injury or property damage, whereas a rental dwelling policy covers the building itself for the property owner.

Are you looking for the best renters insurance in Florida? Or, are you wondering why you should invest in the best renters insurance in Florida? Either way, we are here to help.

How much does the Renters Insurance to Protect Landlord Cost? 

Let’s start with the cost. According to Value Penguin, Florida renters are paying an average premium of $17 a month. Similarly, the average renters premium in Florida per year is $200. If you purchase more coverage limits, your premiums will increase accordingly.

Why do I need to get the best renters insurance in Florida? 

In some cases, your landlord might cover a portion of your renters insurance cost. Likewise, in some cases, your lender might require you to get one. More importantly, it would be best to get renters insurance from an independent insurance agent for your safety, finance, and peace of mind.

best renters insurance
renters insurance to protect landlord

You must have noticed that insurance from insurance agents is a bit costly. It is because Florida homes are exposed to many risks. However, by searching “insurance agent near me“, you get to consult with an agent to discuss potential discounts. The number one risk is natural calamities. According to Ready NC, some frequent natural disasters in Florida include:

  • Floods
  • Hurricanes
  • Lightning strikes
  • Tornadoes
  • Snowstorms

While you don’t own your house and don’t need to worry about repairing the home in case of damage from natural perils, you still live in the house. As someone who lives in the house, you are vulnerable to injuries and personal property damage. So, it would help if you prepare in case of foreseen or unforeseen perils.

How do I Find the Best Renters Insurance to Protect Landlord?  

We recommend the following steps on finding the best insurance:

Research: 

The easiest way to shortlist the best is by going online. Research the companies based on their affordability, customer service, and reputation. For example, you can determine if that insurer has fulfilled its past obligations to clients like you or not by going through its complaint records and online reviews.

Know the coverage you want: 

Insurance companies typically provide personal liability and personal property coverage. However, you might also need coverages like earthquake, water backup coverage, and replacement cost coverage. Learn about the house you live in and your ZIP code to determine the coverages you want and choose the company that provides them. To find out more you could read more about renters on sites like rentersinsurance.club.

Takeaway 

All in all, we urge you not to underestimate the importance of renters insurance. If you want the right agent, the right policy, or the best insurance company, please contact our local insurance agents for assistance.

FAQs

Q. Is it normal to add a landlord to renters insurance?

It’s common to add your landlord as an additional interest. When you add your landlord to the policy, it means they are protected by liability coverage. Most renters insurance companies won’t let people list their landlords as additional insureds at all so make sure this is correct before going ahead with listing them on a policy!

Q. Should the landlord be named as additional insured?

Listing a property manager or landlord as an additional insured is never a good idea unless you’re renting for commercial purposes. You have significant financial obligations to your residential landlord, so sharing coverage puts them in a very vulnerable position

Q. What does it mean to add the Landlord as an additional insured?

A named insured is entitled to 100% of the benefits and coverage provided by their policy. But what about an additional insured? Well, they’re someone who isn’t actually listed as a primary beneficiary on your homeowner’s or car insurance policies but may still be able to benefit under certain circumstances!

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Renter’s Insurance Agency Suwanee

Suwanee, GA 30024 

678-671-0617 

Business Hours: 

Monday: 9am-6pm 

Tuesday: 9am-6pm 

Wednesday: 9am-6pm 

Thursday: 9am-6pm 

Friday: 9am-6pm 

Saturday: Closed 

Sunday: Closed