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Do you think you pay too much for tenant occupied property insurance?

Frequently Asked Questions

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Why is Landlord Insurance So Expensive?

Answers:

Many times when this question is asked it is because someone is comparing a standard homeowner’s insurance policy to a landlord insurance policy. Major differences that cause the increase of coverage have a great deal to do with the occupancy. People tend to take better care of something that they own. Your tenants are unlikely to take care of your house as good as you would. Also, you cannot sue yourself. Your tenants can and many times will sue you, the landlord. Also, you may have a great homeowner’s insurance policy, but now leave your home for 30 days and the coverage you are afforded now decreases. In a landlord policy your coverage does not decrease because you do not live there.

Looking for savings? Contact us at 607-843-8860 or insurance@drickardinsurance.com to see what we can do for you. We have seen hundreds of dollars difference between insurance companies looking at the same house. Occasionally, over $1,000 can be saved. It may pay you well to shop with us.

For more information and to find out if your tenant occupied property qualifies for the insurance policies we have found please contact us at insurance@drickardinsurance.com or 607-843-8860.

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