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Landlord Insurance Manchester NH

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 Manchester, NH that can help answer your questions about Landlord Insurance.

Representing Metlife Auto and home
(603) 540-1634
Southern NH
Goffstown, NH
Alternate Phone Number
603-540-1634
Services
Home and Auto Insurance

Nationwide Insurance - Daniel P Soucy Agency
(603) 577-9531
491 Amherst St
Nashua, NH
Alternate Phone Number
603-889-9960
Services
Auto, Home, Business, Life Insurance

Representing Metlife Auto and home
(603) 540-1634
Southern NH
Goffstown, NH
Alternate Phone Number
603-540-1634
Services
Home and Auto Insurance

Wicks Kurt Ins
(603) 668-7228
981 2nd St
Manchester, NH
 
Mason Financial Group
(603) 669-9859
1155 Elm St
Manchester, NH
 
Nationwide Insurance - Daniel P Soucy Agency
(603) 577-9531
491 Amherst St
Nashua, NH
Alternate Phone Number
603-889-9960
Services
Auto, Home, Business, Life Insurance

MetLife Auto & Home
(603) 433-1880
29 New Hampshire Ave
Portsmouth, NH
Alternate Phone Number
603-433-1880

Metlife Auto & Home
(603) 641-0484
650 Elm St Ste 101
Manchester, NH
 
Banknorth Insurance Agency
(603) 695-3065
Manchester, NH
 
Northwestern Mutual Financial Network
(603) 627-7608
650 Elm St
Manchester, NH
 

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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