You purchased property to generate income... protecting your investment properly is essential in defending the property's income potential from the ramifications that inadequate coverage would have to the property's profitability and your bottom line in the event of a loss.
Insurance products for rental income properties differ, as do insurance products for vacation income producing properties. Sklenar Insurance Services, LLC can help you choose the coverage suited to your circumstances!
Investment Property Insurance provides coverage for single and multi-family dwellings, condominiums, cooperatives and vacation income producing properties.
You may choose to purchase a policy that includes both property and liability coverage or elect to insure the property and liability separately. Property coverages available include; coverage for the dwelling itself or additions and alterations, if the property is a condominium or cooperative, other structures on the property, landlord's personal property on premises and loss of rental income.
Occupancy
It is not unusual for the occupancy of a property to change over time. However, it is imperative that the insurance company be advised, should any change in occupancy occur. Insurance companies provide a variety of insurance policies, each designed to address specific types of occupancy, and if the wrong type of policy is in place when a claim occurs, the claim may be denied. This is why it is so important that you have a relationship with an insurance agency that invests the time to truly understand your circumstances.
Property Maintenance & Security
Prudent property maintenance measures may qualify you for additional discounts. We'll review both the company requirements and the available discounts you may be entitled to receive.
Sklenar Insurance Services, LLC is well versed in the insurance company requirements & the policies available to clients who own these types of properties, allowing us to recommend the policy type, coverage and insurer that correspond with your needs.
~ Call us today at (203) 542-7250 to discuss your insurance needs ~
