The difference between landlord insurance companies
This month was my turn to create the news letter to send to our landlords with our end of month statement. I was asked to include something about landlord insurance. I thought about what could I write about landlord insurance. That same day I was at an appraisal and I was asked what was the difference between the insurance companies when it comes to landlord insurance. I know we can not recommend any insurane companies however I felt it important to show landlords there are huge differences between the larger companies offering insurance. As a result I created the followinng;
ARE YOU REALLY COVERED?
Ray White Macarthur Group recommends all our landlords have adequate building and landlord insurance. We do our best to investigate tenants prior to moving into properties however over time tenants circumstances may change due to separation, unemployment or sickness. We try to minimise the impact of these events on you however sometimes it may result in loss of rent or damage to the property.
These days there are a lot of Insurance companies now offering Landlord Insurance. We asked some landlords how they chose particular landlord insurance policies. A large number of them confessed they received a discount as it was built into their building insurance. They did not know what they were covered for or what excess they would be charged.
Alarmed by the number of owners who did not know what they were covered for Ray White Macarthur Group conducted a study of 5 popular Landlord Insurance policies to compare what may be best for our clients.
By Nicole Leechburch Business Development Manager Ray White Macarthur Group
Carnahan Property Management services Woodland Hills,West Hills, Calabasas, Canoga Park, Tarzana, Reseda, Topanga, Encino, Northridge, Van Nuys,North Hills,Chatsworth, Sherman Oaks, Studio City, North Hollywood, West Hollywood, San Fernando Valley, Granada Hills, Mission Hills, Simi Valley, West Lake Village, Agoura,Toluca Lake, Valley Village, Burbank. Call us at (818) 884-1500 and check if we can service your area.