Real Estate is a great investment- We make sure that investment is protected!

Real estate investors need various types of insurance to protect their investments and mitigate risks. Here are some common types of insurance that real estate investors should consider:

1. Landlord Insurance: Also known as rental property insurance or Lessors Risk (especially if it is commercial use), this covers property damage, liability, and loss of rental income. It protects against risks such as fire, theft, and tenant-related damages.
2.  General Liability Insurance: This covers accidents and injuries that occur on the property, protecting the investor from legal claims and medical expenses.
3. Hazard and Fire Insurance: This covers damages from fire, storms, and other hazards. It's essential to ensure the policy covers the replacement cost of the property, not just its current cash value.
4. Flood Insurance: Required if the property is in a designated flood zone, this covers damages caused by flooding. It's important to check if the property is in a flood-prone area.
5. Sewer and Water Line Backup Insurance: This covers damages from sewer and water line breaks or backups, which can be costly to repair.
6. Vacant Property Insurance: This covers properties that are vacant for an extended period, protecting against risks such as vandalism and theft.
7. Builder's Risk Insurance: This covers properties under construction or renovation, protecting against risks such as fire, theft, and vandalism during the construction period.
8. Umbrella Insurance: This provides additional liability coverage beyond the limits of other policies, offering extra protection against large claims.
9. Loss of Income Insurance: This covers lost rental income if the property becomes uninhabitable due to a covered event, such as a fire or natural disaster.
10. Earthquake Insurance: This covers damages caused by earthquakes, which is essential for properties in earthquake-prone areas.
11. Tenant Rent Default Insurance: This covers lost rental income if a tenant defaults on rent payments.
12. Title Insurance: This protects against legal claims related to the property's title, ensuring the investor has clear ownership.

These are some of the key types of insurance that real estate investors should consider to protect their investments. It's important to work with an insurance broker who specializes in real estate to tailor coverage to your specific needs and risks.