Owning a dog can be a joy, but when your pet unexpectedly bites someone, it can end up costing you hundreds or even thousands of dollars out of pocket. Most homeowners and rental insurance does not cover dog bite injuries. This leaves you responsible for any kind of bite, no matter its severity. Purchasing dog bite liability insurance can protect you from the kind of expense that might occur after such an incident.
One of the greatest advantages of buying this type of insurance is that it is available in almost every state in the nation. This allows you to purchase a policy no matter where you live, so even if you move, your coverage will not be affected. You will also be able to travel with your pet for business or pleasure and have peace of mind that you are completely covered.
Because your dog, not its breed, is covered by dog bite liability insurance, you will never have to worry about being turned down because you own a breed that is well known for its protective nature. Any dog, large or small, may be insured, and if you rent a home or an apartment, your property manager can be added to the policy. To protect yourself from the financial consequences that can occur after a dog bite, look into policy options today.
One the simplest and quickest methods for making one rental property insurance policy in Virginia cheaper, is just to remove, or to not offer, the lack of rent to the landlord. That one coverage alone could be the distinction between insolvency or gain in your rental property. Worst of all, it cost only cents of day in your insurance premiums.
An Excellent Example:
Envision your own four unit apartment building, the lowest renter, an adolescent is making french fries with a few buddies and forgets about the chips for just a minute or two. Another thing you realize you’ve got a reasonable to typical kitchen fire. The fire fighters, tend to be more worried about having the fire outside than the damage they cause and you’ve got carpeting, water, smoke, fire damage simply everywhere. From roof to cellar it’s simply one huge wreck.
However, you do not stress because you’ve got insurance that pays for the fire as well as the clean up, but you failed to purchase the lack of rent coverage, or you’ve some but not enough, (most coverages offering loss of income never have enough of it to get a rental property). Not every contractor will drop everything they’re doing to jump in your work, so you need wait.
Six months after the repairs are finished, the apartment unit looks amazing and your preceding renters are gone. What Virginia rental property owners forget is the bank will not wait for his or her mortgage payment, they still need paid while the building has been fixed. You also rely on such a income on your personal needs. You don’t want to use your personal income for half a year and why should you.
If you had purchased loss of rent, it would have saved you from a lot of trouble. It pays you what you were supposed to be receiving if the flat never had the accident. You still get paid while most of the repairs are being made, you still have cash coming in to cover the mortgage invoice, the property tax etc. Needless to say, you still get paid the gain you’d have made in order to pay your personal invoices.
Loss of rent is critical for your rental property insurance bundle in Virginia. One make sure you’ve it, then remember to have enough of it. What’s your own monthly entire rent for the apartment building, times that purchase at least nine months. This is the smallest amount of number that you require. On top of that, it’s most likely the least expensive coverage in your VA Rental Property Insurance policy to raise or to add. It actually cost cents a day and is the distinction between becoming bankrupt and security in income to you.
Courtesy of: Renters Insurance from Newman Crane & Associates Insurance, Inc.