While You Weren’t Looking, Homeowners Insurance Changed For Owners & Landlords
While You Weren’t Looking, Homeowners Insurance Changed For Owners & Landlords Let’s be clear. It’s critical to have homeowners insurance in today’s quickly shifting world of climate issues. Let’s also understand that insurance companies that offer homeowners insurance have hollowed out coverage and sharply increased rates to cover the steep losses caused by a slew of natural disasters. This is the era of insurance exclusions and diminishing coverage, meaning that if you’re not paying attention, you could be on the hook for it all. From your perspective, it’s their job to cover the cost of damage. From their perspective, it’s their job to delay, deny and reduce their liability at every turn. As a landlord, you have many responsibilities, and protecting your property is one of the most crucial. Whether you own a single-family home, a condo, or an apartment building, securing the right insurance is essential, especially with changes in homeowners insurance policies. I...