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

Frequently Asked Questions

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Do I need Landlord Insurance?

Answers:

• If you are renting out 1 to 3 bedrooms in your primary residence while you are occupying the residence on a short term or more permanent basis you may qualify for Homeowners Insurance. If you rent more than 3 bedrooms in your primary residence on a short term basis you may need Bed & Breakfast Insurance.

• If you are living in the 1 - 4 family home that you are renting out units to others in, we have good news for you! In most cases no, you may get your home insured by a Homeowners in insurance policy.

• If you do not live in the 1 - 4 family house that you are renting out to others Landlord Insurance is usually the best choice to protect your interest in the property and the exposure to the related liability risks.

• If your residential income property has more than 4 units in it or there are non-residential tenants on the same deeded location, you will be better served by more appropriate business insurance policies.

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.

Click Here to send us basic information for an insurance premium indication.

Did you find the answer to the question that you were looking for? You can check our other Frequently Asked Questions Here. Or if your question is not here, please contact us at insurance@drickardinsurance.com or 607-843-8860, or you can ask our agents on live chat that can be found on the left of the screen.