If you are looking for Landlord Insurance in Columbus Ohio or any city in Ohio call the experts at 800-998-0662.
We are the experts in helping property investors acquire the most suitable coverage for your individual needs competitively.
For an exact price quote, please call 800-998-0662 and speak with our representatives or you may use our online property quote system if your building is 4 units or less.
Click on Columbus landlord Insurance to start your online quote.
Should your real estate holdings consist of larger apartment buildings or you own multiple single family units click on Apartment Building Insurance Columbus Ohio.
This is What You Should Know About Landlord Insurance in Columbus Ohio.
The typical landlord insurance policy comes in three different versions for the real estate investors. Such coverage can be secured by means of a commercial package policy or a mono-line dwelling fire coverage form.
For example, both types of policies come in the following options:
The basic and broad policy coverage form delivers insurance protection only for claim events that are called named perils; hence it’s commonly referred to as a named perils policy.
If a claim occurs under a named perils policy, coverage extends only if the event is named in the policy.
What if a claim occurs and it is not specifically mentioned in the insurance agreement?
No coverage would extend.
Example: As a property investor let’s assume you are covered by the basic policy form which extends coverage for windstorm, hail, fire, lightning, certain types of explosions, damage from aircraft or vehicles, smoke.
In the dead of winter, a pipe breaks because it has become frozen and causes $29,782 worth of damage to your home in water damage.
Is that covered under the basic policy form? No. You would need to pay the claim entirely out-of-pocket!
Actual cash value coverage means that depreciation is taken into consideration when they settle your claims.
In other words when you purchase landlord insurance in Columbus Ohio under the basic coverage form, and you experience hail damage.
The insurance company will depreciate the cost to replace the roof by taking into consideration the age and relative value of the roof.
If your roof is quite old it’s likely the insurance company will not pay much or any of your claim.
Because of the differences in coverage between policy forms, it’s important to work with an agency skilled in providing Columbus Ohio Landlord Insurance.
Which Columbus Landlord Insurance Policy Is Best for You?
It all depends on your individual needs and desires to minimize either your premium payments or level of risk you are willing to assume. Some investors want the very best policy form because it provides the best coverage.
Other property investors choose the less expensive policy forms.
Our professional agents can help you choose your coverage wisely. Why not call us today?
Pathway Insurance Offers the Best Coverage Options on Landlord Insurance in Columbus Ohio!
Call us today at 800-998-0662 when searching for the best options on Columbus Landlord Insurance!
Or submit your information to us online by clicking on Best Ohio Landlord Insurance.
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