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When picking out a landlord insurance policy, there is often a tricky balance to find the right amount of coverage. Obviously, the more coverage, the more expensive the policy, and it is often difficult to determine which coverage and how much coverage you actually need for your rental properties. We always recommend a DP-3 Policy for optimal assurance. However, selecting supplemental insurance is where it gets tedious. In order to help you make an educated decision about supplemental insurance, we are highlighting three of the most common landlord insurance pitfalls:
We strongly suggest careful research and consultation when selecting your insurance policies. Find more information on Landlording, Landlord Insurance and more by checking out our most recent Investor Resources.