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Landlord Insurance Gretna LA

This page provides relevant content and local businesses that can help with your search for information on Landlord Insurance. You will find informative articles about Landlord Insurance, including "Insurance Needs for Landlords". Below you will also find local businesses that may provide the products or services you are looking for. Please scroll down to find the local resources in Gretna, LA that can help answer your questions about Landlord Insurance.

Chase Dardar Insurance Agency, State Farm
(504) 861-4529
6301 S Claiborne Ave
New Orleans, LA
 
Louisiana Contractors Insurance
(504) 348-3131
1810 Barataria Blvd
Marrero, LA
 
Rick Rogers Insurance
(504) 371-5211
2121 North Causeway Boulevard, Ste. 226
Metairie, LA
 
Banker Life & Casualty Company
(225) 751-1013
13702 Coursey Blvd. Bldg. 5, Ste. A
Baton Rouge, LA

Data Provided by:
American General Life and Accident Insurance Company
(318) 489-1779
9300 Mansfield Rd. Ste 119
Shreveport, LA
 
Clements Insurane Services
(504) 279-0171
206 W. Judge Perez Dr.
Chalmette, LA
 
Landeche Insurance LLC
(504) 228-7184
2000 Neely Street
Jefferson, LA
Alternate Phone Number
504-228-7184
Services
504-228-7184

Stern & Associates LLC (GOTTACALLBOB)
(504) 841-0045
2800 Veterans Blvd. Suite 203
Metairie, LA
 
Louisiana Contractors Insurance
(504) 348-3131
1810 Barataria Blvd
Marrero, LA
 
Barry Insurance Group, Inc
(337) 280-4821
102 Avron Dr
Carencro, LA
Alternate Phone Number
337-280-4821
Services
Personal and Commercial Insurance

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Insurance Needs for Landlords

Insurance Needs for Landlords


So, you've managed to get into the housing market and buy a property as an investment? Good idea! Now you'll have to figure out what you need as a new landlord and one of the most important things is insurance on your rental property.

In order to protect your investment, you really have to have insurance. You will have some unique insurance needs as the person who owns the property, but does not reside there. After all, it will be the tenants responsibility to insure the contents. But the structure is your responsibility.

As a landlord, liability is also a larger issue for you. What if your tenant is hurt on the rental property? You need to be sure that if you are sued, you have the insurance to help you out.

Last, but not least, as a landlord you need to protect your income stream and that's your rental income. If the structure is sufficiently damaged that it is impossible for the renter to occupy your property, you need to be able to cover that rental income in order to meet your obligations, including the mortgage on the property, if any. This is where you have to think carefully about what your true needs are and buy the right coverage.

Take heart! While it may sound intimidating, insurers have already designed policies for the landlords needs. Do keep in mind that there will be variation in these policies, so you'll have to check the fine print and pick the one that best suit's your situation. Shopping around will give you a better idea of what is available in coverage and at what price.

Having said that, always ensure that your policy has at least the following:

  • Coverage for the physical structure (for either named perils or on an open-peril basis)
  • Coverage for other structures on the property, including any storage sheds, garage buildings or other upgrades. In most cases, your basic policy will give you coverage equal to 10% of the value of the main building. Be sure that is enough.
  • Coverage for a...

Click here to read the rest of this article from Insurance Guide 101

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