Landlord insurance policy

As a rental property owner, it is important to carry a landlord’s insurance policy which is very different from a homeowner’s insurance policy. We have our landlord’s policy’s with Farmer’s Insurance. One of the competitive advantages Farmers offers to Landlords is the extension of Liability coverage to protect a landlord from Wrongful Eviction suits. In…

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.. Wrongful Eviction Insurance: Are you Covered? Litigation costs a lot. Even an owner, who is wrongly sued by a tenant but wins in court, can lose tens of thousands of dollars in the process, especially if there is inadequate insurance coverage. A fire policy, does not offer protection against lawsuits. A property owner should also…

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After 2002, laws and regulations pertaining to residential tenants’ security deposits became more complicated. Here’s a review. By Michael Hall, Esq. SPOSFI 2/08 Newsletter To begin a tenancy, you as a landlord may collect the first month’s rent plus a security deposit. That deposit may not be more than two months’ rent, unless the unit…

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