Tenant Dwelling Insurance In Naples
When you purchase tenant dwelling from G&P, you have considerable flexibility in regard to customizing your coverage. An important part of our job is helping you understand all the aspects of proper coverage. We’ll review all your individual risks and liabilities with you and fully address all your questions. We want you to make educated decisions regarding suitable coverages for you, your properties and for all your tenants.
What is tenant dwelling insurance?
Tenant dwelling insurance is designed to protect property owners who rent their holdings to other people as primary residences. Landlords face unique and significant liabilities and risks in making their properties available to tenants. Also called “landlord insurance,” tenant dwelling isn’t required by Florida law, but property owners nevertheless have certain legal responsibilities to their tenants.
What does Tenant Dwelling insurance cover?
As previously stated, landlord coverages and their amounts can fluctuate from one policy to the next. That said, a number of coverages are commonly included in tenant dwelling insurance:
Building Coverage
Building coverage protects various buildings and structures on the property itself. In addition to tenant buildings, other covered structures can include: garages, storage buildings, swimming pools, fences, retaining walls, and other structures. In addition, building coverage also protects any of the landlord’s personal property he/she may use to maintain and/or service the property.
Liability Coverage
Liability coverage protects you, the property owner, from liability claims arising due to bodily injury and property damage suffered by tenants.
Loss of Income Coverage
It’s quite possible that, in an emergency, you could be forced to temporarily suspend operations of your rental property. If that happened, loss of income coverage reimburses the property owner for loss of income during the closure.
Equipment Breakdown Coverage
Equipment breakdown coverage reimburses the landlord for damages to insured property caused by mechanical failures of insured equipment.
Tenant Move Back Coverage
If an insured event forces you to temporarily relocate tenants to alternate lodgings, tenant move back coverage helps defray the cost of moving them back home after the property is again deemed livable.
Heating or Air Conditioning Loss Coverage
If an insured event forces you to temporarily relocate tenants to alternate lodgings, tenant move back coverage helps defray the cost of moving them back home after the property is again deemed livable.
Will this cover my legal obligations?
If you’re a landlord, tenant dwelling insurance will help you satisfy your legal obligations to people renting your property if unexpected disaster or accident befalls. Your rental holdings represent a significant investment on your part and landlord insurance is a must for protecting it.
How much does tenant dwelling insurance in naples cost?
The cost of tenant dwelling insurance in Naples, FL varies depending on your agreed-upon values of the policy, chosen deductibles, insurability, and other factors. To request a free tenant dwelling insurance quote, feel free to call us at (239) 353-3500 or fill out our online form.