OUTSIDE OF HURRICANE SEASON IS IDEAL FOR LANDLORD INSURANCE
LANDLORD INSURANCE RATES FALL OUTSIDE OF HURRICANE SEASON
If you are renting out a property at all, no matter what type of tenants you have (families, students, assisted living, section 8 housing, etc.) then you are going to need landlord insurance. However, when shopping for any type of insurance, you may want to know what is the most ideal time period in which to get the better insurance rates and save significantly.
What Is Landlord Insurance
In short, landlord insurance is a form of insurance that applies to your property, whether it is a multifamily or a single person dwelling. Anytime you rent out your property, then the title would apply to you. Landlord insurance offers many different types of coverage that would be a benefit towards your real estate investment. For example, it not only covers property damage, but it also covers payment defaults, as well as other types of liabilities. While landlord insurance does not cover every single claim, as it would depend on the type of insurance you buy, it does offer significant protection.
Why Should You For Landlord Insurance After Hurricane Season
After hurricane season, rates are typically lower than during hurricane season. This is simply because the looming potential damage that could possibly occur, such as with flooding or wind and hail damage, is made more readily apparent. This works as a benefit for real estate investors, who may be looking for a new insurance plan. This also means that if your policy expiration also falls out of hurricane season, then it would be the perfect time to shop for insurance