Renting out properties can be a lucrative business or it can supplement your existing income. San Diego is a prime spot for renting out apartments, condos, and townhouses due to its ever-developing population. However, as a new landlord, you’ll have responsibilities to your clients that you are obligated to provide.
San Diego property management includes finding the right types of insurance to protect your investment.
Normal homeowners insurance won’t do. As a landlord, you need San Diego property management insurance tailored specifically to protect your rental properties. Also known as a landlord protection policy, the right plan gives you choices when purchasing the coverage you need.
When you need insurance for your residential property management San Diego, you need an insurance company you can rely on. You need The Insurance Place. Take it from us—as a premier San Diego rental management companies, we know what you need to succeed in the landlord business.
Good coverage starts with protecting your rental properties first. Get San Diego property management and cover your bases.
Do You Have Enough Coverage to Protect Your Investment?
If you’re a landlord, you’ve got a lot riding on your investment. Imagine when something happens to it—a storm floods your property, or it gets vandalized. Your tenants will have to live somewhere else while repairs are being made—which means you won’t get paid rent during that time. Can you afford to go without the income of your investment?
Extra insurance provides extra protection for your investment. These plans add longevity to your properties and reliability to your income. You can customize your policy to your needs with added insurance coverage.
Renters Property Insurance – A basic plan can get your properties covered for smoke, fire, and crime.
Flood insurance – San Diego flood insurance covers you for when your property gets damaged by a storm or some other natural flooding.
Earthquake insurance – Your normal San Diego property management insurance won’t cover earthquakes. You need a specific plan in place to cover earthquakes.
While protecting your properties is of utmost importance, you need protection as well. Even if you try to be the best landlord you can be, sometimes things go wrong. Accidents happen. When they do, certain features of San Diego property management insurance can cover you when a tenant holds you liable.
Landlord Liability – Property and casualty insurance protects your investments from damage, monetary loss, as well as any property you own (fridges, stoves, etc.).
Choose Coverage Options for San Diego Property Management Insurance
You can find great coverage for your San Diego property management needs right here at The Insurance Place. We want to provide you with all the options you need:
For your tenants. American property management San Diego may require you to offer your tenants renters insurance. We can help! Help your tenants feel protected and be the landlord you wish you had had.
For you and your family. Landlord protection liability insurance options protect you and your spouse or domestic partner against personal injury, wrongful eviction, or wrongful entry, as well as other non-bodily injury claims such as libel and slander.
For any kind of disaster. A business owners policy is a good start to protecting your property management San Diego business from liability claims. But it might not be enough. Many landlords supplement their coverage with personal umbrella liability insurance for broader San Diego property management protection.
We have all your San Diego cities covered, from La Jolla property management insurance to liability in Coronado. Just contact us or call at 877-358-7722 and let us know your needs. We can build you a comprehensive plan to cover your interests.
The Insurance Place employees have always been helpful and knowledgeable. We use The Insurance Place as a one-stop-shop for our insurance needs, as we value their expertise & experience.
What is professional liability insurance?
Mistakes happen – every smart business owner knows it. But despite this inevitability, you can take steps to ensure your business is protected in the event of a lawsuit. However, general liability insurance may not be comprehensive enough; if this is the case, you likely need professional liability insurance. To find out how professional liability insurance in San Diego can serve you, read on: