Do you think you pay too much for tenant occupied property insurance?
Answers:
First thing to keep in mind is that everything that your tenants do on your property may become a liability issue for you. Especially are you at risk when you are aware of a situation, even if you did not give permission for the animal to be there or have specifically stated verbally or by written contract that the animal cannot be there.
One way to mitagate the risk is make sure that your tenant has liability insurance to cover the animal. In many cases even when you see liability insurance on the tenant's policy there is an exclusion for injuries caused by animals. You will need to consult insurance experts to make sure the proper insurance is in place. You may also contact us for unique animal liability solutions for your tenant.
INFORMATION: A policy for your tenant's dog liability will cost around $900 per dog.
SOLUTION: Not all animals or insurance companies are created equal. This is why many landlords and income property owners have come to us when their other insurance companies cancel their valuable insurance coverage. From our many insurers we can find companies that will accomodate most types of dogs and horses.
For more information and to find out if your tenant occupied property qualifies for the insurance policies we have found please contact us insurance@drickardinsurance.com or 607-843-8860.
Click Here to send us basic information for an insurance premium indication.
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