Landlord Insurance in Virginia & Maryland
Beacon
Landlord Insurance
- What Is It?
- Who Needs It?
- Coverages Offered
Landlord insurance policies are specialized commercial policies for rental property investors.
In some cases, homeowners who lease out bedrooms may need more protection than their home insurance policy’s standard protections provide. A complete landlord policy usually isn’t needed in these situations, though, as some home policies can be amended to offer protection for accepting boarders.
Dwelling Coverage: Might cover the leased buildings on insured property(s)
Secondary Structures Coverage: Might cover other structures on the property
Loss of Income Coverage: Might cover rents not paid when a building is uninhabitable
Rent Guarantee Coverage: Might cover rents not paid by tenants
Legal Assistance Coverage: Might cover legal costs arising from non-liability lawsuits
Liability Coverage: Might cover various lawsuits claiming a landlord is at fault
Beacon Insurance Group is Here to Help
For decades, Beacon Insurance Group has been providing quality and affordable insurance coverage to the good people of Virginia and Maryland. Our team has carefully handpicked reputable insurance companies that we are confident can provide you with the security and peace of mind that you deserve.
Whether you are a business owner or looking for protection in your everyday personal life, we know that you don’t have the time to worry about your insurance programs. That’s what we are here for. At Beacon Insurance, we do the digging to find you the best possible coverage at the best possible price.
It’s incredibly important to us that we continually provide you with expertise and that personal touch that you are looking for when it comes to finding high-quality landlord insurance.
Fill out the form to get in touch with a specialized landlord insurance agent and we will get you the superior customer service that you deserve!
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What is Landlord Insurance?
Rental properties can be profitable investments, but this type of investment comes with some risks. Fire, theft and accidents are just some of the potential risks that Virginia and Maryland landlords must consider. They’re also some of the risks that landlord insurance will usually protect against.
Landlord insurance policies are specialized commercial policies for rental property investors. So that investors have robust protection, most of these policies come with both landlord property insurance and landlord liability insurance coverages.
Who in Virginia & Maryland Should Have a Landlord Policy?
Most rental property investors who have buildings in Virginia or Maryland should carry a landlord policy. This includes individual landlords and businesses that rent units.
In some cases, homeowners who lease out bedrooms may need more protection than their home insurance policy’s standard protections provides. A complete landlord policy usually isn’t needed in these situations, though, as some home policies can be amended to offer protection for accepting boarders.
What Coverages Do Landlord Policies Provide?
Landlord policies normally come with a combination of landlord property insurance and landlord liability insurance coverages. Some of these coverages may include:
- Dwelling Coverage: Might cover the leased buildings on insured property(s)
- Secondary Structures Coverage: Might cover other structures on the property
- Loss of Income Coverage: Might cover rents not paid when a building is uninhabitable
- Rent Guarantee Coverage: Might cover rents not paid by tenants
- Legal Assistance Coverage: Might cover legal costs arising from non-liability lawsuits
- Liability Coverage: Might cover various lawsuits claiming a landlord is at fault
Landlord liability insurance coverage usually helps pay for legal costs and settlements that are associated with covered suits.
How Can Property Investors in Virginia & Maryland Get Landlord Insurance?
For help finding landlord insurance in Virginia or Maryland, contact the independent insurance agents of Beacon Insurance Group. We’ve helped many rental property investors protect their properties and themselves, and we’re ready to assist you.
What are the Advantages of Working with an Independent Agent like Beacon Insurance Group?
This is a question that we hear all the time – and that’s okay! – because we know that the insurance world can be confusing. That’s why we are here to help you.
Securing your insurance through an independent agent rather than buying straight from an insurance company is similar to hiring a lawyer before going to court, rather than defending yourself. Just like lawyers, independent agents have the knowledge of the entire industry with attention to important, cost-saving details that only come with years of experience.
But, UNLIKE lawyers, going through an independent agent not only comes with no extra charge, but it can often SAVE you money by being able to shop your needs to many different insurance companies, and also by ensuring that you are only being covered for what you need.
Independent agents are your helping hand in your journey through the overwhelming insurance world. We are real human beings that are equipped with the knowledge, expertise, and friendliness to help make your life easier, especially in tough times. We recommend you submit a form on this page to talk to one of our agents for free – at your convenience!
