Properties Covered      Coverage Options      Savings Ideas      FAQ      Tools for Landlords or Property Managers

Income Property Insurance

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

Frequently Asked Questions

<More FAQs

See our Landlords Insurance page!

What happens when a landlord’s insurance is canceled?

Answer:

For starters, there is no coverage on your property! This is something that you should care for immediately. Here are several considerations:

1. You not only lose protection from loss of your asset.
2. You also lose you protection from being sued.
3. A lapse of insurance coverage makes you a less attractive client for insurers. Many will not offer you an insurance policy if you go without coverage when a need exists.
4. Your agent will also less inclined to work with you if do not keep continuous insurance. She has gone to a lot of work finding you a policy, so when you let your policy lapse she is not paid for the hard work she has done.

Depending on the reason for cancelation, many times we are able to work with landlords to get coverage back on their buildings, therefore restoring their peace of mind. Contact us so that we can help you with this insurance need. Why are you thinking of cancelling your policy? Do you see no or not enough value in it? If so, work with us to design the type of policy that fits you better.

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.

Sign up for our Landlord Newsletter to get many helpful tips on how to make sure you are covered and save money on your landlord policy!