What is Landlord Insurance?
Landlord insurance, also known as tenant insurance, is designed to protect property owners who rent their holdings to other people as primary residences. Landlords face unique and significant liabilities and risks in making their properties available to tenants. Tenant dwelling insurance, which is also called “landlord insurance,” isn’t required by Texas law, but property owners nevertheless have certain legal responsibilities to their tenants.
Do You Need Tenant Insurance in Lubbock, TX? You’re Covered with Vessels Insurance
If you’re a landlord, tenant dwelling insurance will help you satisfy your legal obligations to people renting your property if unexpected disaster or accident occurs. Your rental holdings represent a significant investment on your part and landlord insurance is a must for protecting it.
Insurance Policies Tailored to Your Needs
When you purchase landlord insurance from Vessels Insurance, you have considerable flexibility regarding customizing your coverage. An important part of our job is helping you understand all the aspects of proper coverage. We’ll review all your risks and liabilities with you and fully address all your questions. We want you to make educated decisions regarding suitable coverages for you, your properties, and all your tenants.
What Does Tenant Insurance Cover?
A Vessels Insurance landlord insurance policy in Lubbock, TX covers a wide range of protections:
Tenant Insurance Building Coverage
Building coverage protects various buildings and structures on the property itself. In addition to tenant buildings, other covered structures can include:
- Garages
- Storage buildings
- Swimming pools
- Fences
- Retaining walls, and other structures
Building coverage also protects any of the landlord’s personal property they may use to maintain and/or service the property.
Tenant Insurance Liability Coverage
Liability coverage protects you, the property owner, from liability claims arising due to bodily injury and property damage suffered by tenants.
Tenant Insurance Loss of Income Coverage
In an emergency, you could be obliged to temporarily suspend the operation of your rental property. If that happens, loss of income coverage will reimburse the property owner for lost income during said closure.
Tenant Insurance Equipment Breakdown Coverage
Equipment breakdown coverage reimburses the property owner for damages to insured property caused by mechanical failures.
Tenant Insurance Move Back Coverage
If an insured event forces you, the landlord, to temporarily relocate tenants to alternate lodgings, tenant move back coverage helps defray the cost of moving them back home after the property is again deemed livable.
Tenant Insurance Heating or Air Conditioning Loss Coverage
Heating or air conditioning loss coverage reimburses the landlord for payments made to a tenant if a mechanical failure causes a complete loss of heating or air conditioning in a tenant's residence.
For a Free Quote on Landlord Insurance in Lubbock, TX Contact Vessels Insurance
If you’re shopping for tenant insurance in Lubbock TX we’d be thrilled to hear from you! As an independent Texas insurance agency, we partner with numerous landlord insurance carriers. Why is that important? All those partners give us the capacity to save you the hassle and inconvenience of shopping around for insurance coverage. We’ll do it for you!
At Vessels Insurance, we are passionate about offering quality landlord insurance in Lubbock, TX. We believe that our professional responsibilities are not to a corporation, but to clients. We don’t work for the insurance industry. We work for you! If you’re ready to start a new friendship with a landlord insurance agency in Texas that cares, call Vessels Insurance today at (806) 828-5279. Or for a free online tenant dwelling quote, fill out our online quote form on our contact page!