What Burleson & Cleburne Landlords Need Beyond a Standard Homeowners Policy 

Renting out a home changes your risk profile in ways a standard homeowners policy was never built to cover. The gap between standard homeowners insurance and coverage needed for rentals can surface at inopportune times and resulting costs can quickly amount. For landlords in Johnson County’s busy rental property market, securing appropriate coverage is essential.

Why Homeowners Insurance Isn’t Enough

A homeowners policy is designed for an owner-occupied residence. As such, your insurer may deny claims if you’re renting out your home to someone else. Rental property insurance, also known as landlord insurance, can offer financial protections matched to the risks of renting, including the structure, your personal property left on-site and tenant-related liability.

Liability Coverage for Landlords

Tenants and their guests can bring premises liability claims against you. Landlord liability insurance can help pay for legal defense and covered judgments tied to injuries or property damage that occur on your rental property.

Addressing Possible Building Damage and Losses

Tenant damage coverage can address losses, including damage that a standard commercial property or homeowners policy may exclude. Key coverages to review with your agent include:

• Dwelling and other structures coverage for buildings and shared spaces on the property
• Personal property coverage for appliances or furnishings you supply and leave on the premises
• Lost rental income coverage for periods the unit is uninhabitable due to a covered loss
• Liability coverage for third-party injury and property damage claims

How Can Lone Star Insurance Agency Help?

Contact our team to review your current coverage and build a landlord policy that matches your properties in Burleson and Cleburne. Our team works with multiple carriers to find coverage suited to your rented property.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.