Protect Yourself: Lessor’s Risk Insurance

If you are a landlord, you already have a great many things on your plate.  Don’t let financial liability be one of them; lessor’s insurance is designed to protect you and your property from a multitude of situations which might mean fiscal ruin for yourself and your family.

Lessor’s Risk policies can cover personal liability in instances of purported negligence; damage and losses to the property; and medical payments for tenants or guests who might have been injured in an on-property incident.  Particularly if you rent multiple properties, you will want to ensure that you’ve got the right policy for you.  Rental properties are a great investment; don’t let accidental disaster impede your financial security and reduce the return on your assets.

The amount of coverage you need will depend on your scenario, and your premium (as usual) will depend on your coverage.  The best way to determine what will work for you is to contact an insurance professional, and we’re here to help.  For more information about coverage in the Arizona, contact https://aimpro.net/.