THE MUST-HAVE CONVERSATIONS WITH YOUR INSURANCE AGENT!
RENTAL PROPERTY INSURANCE –
|Proper Investment Valuation:||__________|
|The Coverage Form – DP3- What’s Covered:||__________|
|Loss Settlement Option for Home:||__________|
|Water Backup of Sewer or Drains Coverage:||__________|
|Building Code Upgrade Coverage (Ordinance and Law):||__________|
|Value of Other Structures (Garages, Fences, and other structures):||__________|
|Value of landlord contents (Appliances, Furnishing)||__________|
|Loss Settlement Option for Property||__________|
LOSS OF USE/LOSS OF RENTAL INCOME COVERAGE
RENTAL PROPERTY INSURANCE-
|Liability Insurance sufficient to cover your assets:||__________|
|Personal Injury Coverage:||__________|
Why we use a Rental Property Insurance Checklist
Insurance can be mystifying. Many people have described it as a completely different language. Insurance is really just a complicated legal contract between you and the insurance company. The insurance company is bound to respond per the contractual terms, but because it is explained in legal terms it really is a different language, which is why many people fail to even put for the effort in understanding their insurance policy. While it is true that insurance policies are complicated, we at Gila Insurance believe there are some core things that every customer should understand, which is why we have created this checklist.
This checklist is designed to help you have the conversations with your insurance agent that will allow you to know what is covered BEFORE you have a claim. No checklist is fully comprehensive, these are things we believe are important that you understand, but please read your policy to ensure there are other questions that you have. The best time to understand your policy is BEFORE YOU HAVE A CLAIM.
Gila Insurance Group LLC specializes in insuring rental properties, Fix & Flips, Manufactured Homes, and Vacation Rentals, if this is what you do, give us a shot and get a quote today!