For Aboda clients
Renters Insurance Key Benefits
Personal Property will be covered for replacement cost. This means you can go buy new items of the same like, kind, and quality to replace your old items.
Liability coverage protects you against life’s unexpected circumstances. Whether that is a guest of yours injuring themselves or the candle fire in your living room. The cost’s associated with defending yourself against these unexpected circumstances are covered by your renters policy. Typical expenses that can occur due to a loss at your home are medical bills, legal defense, and damage to property not owned by you.
Loss of Use will provide money to help you pay for temporary living expenses when you are displaced from your rental home due to a fire or other disaster.
Identity Theft coverage will protect you against the expenses that you are responsible for to fix your credit and often times this coverage includes restoration services.
Landlord Insurance Key Benefits
Property Insurance coverage helps you rebuild your investment after a covered loss.
The main thing you want to make sure your policy has is replacement cost coverage. A big error many investors make is trying to save money and purchasing a policy that covers their house on an actual cash value basis. This means the claims adjuster will depreciate the value of your home due to wear and tear or age.
Liability coverage protects you from unique risks that landlords run into like wrongful eviction and entry, libel and slander, personal injury and other non-bodily injury claims.
Loss of Rental Income pays you for lost rents while your property is being repaired or rebuilt due to damage from a covered loss.