Insurance can seem
like a waste of money, especially if you don’t need to make a claim.
Deciding to
"self-insure” (e.g. cover the risk yourself) may sound like a good way to save
money, but it’s often a false economy.
You may save a few
hundred dollars in insurance premiums, but if something goes wrong at your
rental, and you’re left facing a repair bill and the loss of rent, those
savings will be wiped out and then some.
Landlord insurance
is competitively priced, offers suitable cover for the most common types of
risks, and is an investment in peace of mind.
Besides this, you
can often claim the premiums as a tax deduction.
Beyond
your control
Even the best of
tenants can have things happen that mean they can’t pay their rent –
unemployment, illness, divorce/separation, death.
The right landlord
insurance can help you recoup those losses.
RealRenta
has all the tools that a property manager has, but
less than ¼the cost of a property manager.
Join now and the cost is less than a cup of coffee a
week to manage your rental property
RealRenta also has a free vision, so why not check it
out
Jason Gwerder
Wednesday, 2 February 2022
