Common Landlord Insurance Claims 

Landlords have a range of risks to deal with – and some are more common than others. Landlords have unique risks, risks that are different to homeowners’, which is why it is so important for landlords to secure landlord insurance in Antioch, CA. To help you protect your investment, check out the common reasons landlords make insurance claims.

  • Water

This type of claim often relates to poor plumbing or pipes. A leaking or burst pipe can cause significant water damage. Indeed, flooding arising from an incident like this can often affect multiple properties. This risk can be mitigated by checking the pipes regularly and making sure that the joins between pipes are secure.

  • Storm damage

Sadly, try as we might, we can’t prevent storms. Some storms are worse than others and will cause damage to the landlord’s property, forcing them to cash in on a claim. However, landlords can take some precautions to minimize the damage suffered when a storm occurs. A properly maintained roof can go a very long way towards protecting the property from damage. Make sure any loose tiles are replaced and that it stays in good condition. Also, check that pipes and gutters are clear of debris and are sturdy.

  • Accidental damage

Accidental damage to the contents of the property is a common claim for landlords. This might include damage to carpets, broken televisions, cracked baths, and so on. Accidental damage is just that – accidental. While it is quite hard to avoid, and often completely out of the landlord’s control, landlords can minimize the risk by properly vetting the tenants. Make sure you or your agent have a thorough understanding of what prospective tenants are like. Party-loving students are, broadly speaking, more likely to cause accidental damage than a young couple with a child.

Your property investment needs the right insurance to protect it from accidents and disasters. Contact Jack Stone Insurance Agency to get started on your reliable landlord’s insurance policy today.

Our approach is unique. See how we can help you!  Contact Us

Call Us Contact us