If you’re like most landlords, every time you get a new tenant, you cross your fingers and hope that all of those background checks and credit checks did the trick — and that your tenant is going to treat his financial obligations with respect.

But what if he doesn’t?

When you turn your keys over to someone, you don’t have to rely on finger-crossing.  Instead, you can rely on a landlord insurance policy!

With one, you’ll be covered in case something happens and you can’t collect rent.  In fact, you’ll hear people around the industry call this type of coverage “rent loss insurance”.

So, how does it work?

Let’s say your house catches on fire and can’t be lived in for a few months — and, thus, you can’t have anyone living in it and paying rent for a few months — your landlord insurance policy would kick in and pay you what you would have made from a tenant.  In some cases, landlord insurance will even reimburse you for legal expenses if you and your tenant get into some kind of dispute!

Think you can get away with not having one of these policies?

Think again!

What would you do if you missed out on even just a couple of rent payments?  If you’re like most landlords, missing rent could send you into a financial black hole.  Why leave your own financial security and credit rating in the hands of a stranger, when a simple insurance policy can protect you?  Why make yourself any more vulnerable than you need to be?

You may hate to think about worst-case scenarios, but at least you can feel better knowing that landlord insurance can be your safety net.

Hey, anything’s better than finger-crossing, right?!

Get a free landlord insurance quote