Doing business in general can profitable of result in loses for the investor. There are several businesses and one of such is in the renting of accomodations in the real estate industry.
As a landlord renting out your property or room to a tenant can be dangerous financially and there is need to sign up for Landlord Insurance.
What is Landlord Insurance?
Landlord insurance is one of the types of insurance Policies in the real estate market designed to protect property owners who rent out their property to tenants.
- Understanding Short-Term Insurance: An Overview of Temporary Coverage Options
- What’s the Difference Between Insurance and Premium?
Landlord Insurance is very important to in because this insurance policy provides protection to landlords against financial losses that may result from various risks such as property damage, loss of rental income, or liability claims.
Who is a Landlord?
A landlord refers to anyone who rents out a property he / She / they own under a lease or a licence that is shorter than seven years.