Landlord Insurance in all of Texas, Alabama & Oklahoma
Landlord Insurance in Abilene, TX & all of Oklahoma, Alabama & Texas
Texas Landlord Insurance
Texas Landlord insurance is designed to protect property owners who rent their holdings to others as a home. Landlords face unique and significant liabilities and risks in renting-out their properties. Although landlord insurance isn’t required by Texas law, property owners are nonetheless bound by certain legal obligations to their tenants.
Also known as ‘Tenant Occupied Property Insurance’ or ‘Tenant Dwelling Insurance,’ landlord insurance helps you fulfil your obligations if unexpected disaster or accident befalls your property and/or tenants.
If you own rental property, landlord insurance is a must for protecting this important investment.
Texas Landlord Insurance Uniquely Tailored to Your Needs
When you purchase a Texas landlord insurance policy from Wicker-Parker, you have considerable latitude in regard to customizing it. At Wicker-Parker Insurance, a big part of our job is helping you understand how all the pieces fit. We’ll review all your unique risks and liabilities with you, thoroughly addressing any questions. We’ll help you make informed decisions regarding appropriate coverages for you and your tenants.
What Does Landlord Insurance Cover?
As mentioned, coverage types and amounts can vary significantly from one landlord policy to another. However, the following are coverage types commonly offered by a landlord insurance policy:
Building Coverage
This coverage type provides protection for various buildings and structures on the property. In addition to the buildings that house tenants, other covered structures can include garages, storage buildings, swimming pools, fences, retaining walls, and other structures. Additionally, any personal property used by the landlord to maintain and/or service the property is also protected by building coverage
Liability Coverage
This kind of coverage protects the property owner from liability claims arising due to tenant bodily injury and/or damage/loss to tenant property.
Loss of Income Coverage
If you’re forced to temporarily suspend operations of your insured property, this coverage reimburses you, the property owner, for loss of business income while you’re shut down.
Equipment Breakdown Coverage
This coverage type reimburses the landlord for damages to insured property caused by mechanical failures of insured equipment.
Tenant Move Back Coverage
If you’re forced to temporarily relocate your tenants to alternate living accommodations due to an insured event, move back coverage helps defray the cost of moving them back home once your property is again habitable.
Heating or Air Conditioning Loss Coverage
This coverage provides reimbursement for payments made to a tenant if a mechanical failure causes complete failure of heating or air conditioning in a tenant’s residence.
For a Free Landlord Insurance Quote, Contact Wicker-Parker Insurance Agency
If you’re shopping for landlord insurance in Abilene Texas, we’d be thrilled to hear from you! As an independent insurance agent in Abilene, TX, we partner with numerous landlord insurance carriers, and can do the shopping around for you!
We’ll answer all your questions about landlord insurance and help you make informed coverage decisions. For a free landlord insurance quote, click here, or call Wicker-Parker Insurance Agency today at 325-437-0677!