As the owner of a rental property, it is your responsibility to protect your building from risks such as fire, vandalism, theft, lightning, and so on. Additionally, because it is up to you to ensure the safety of your tenants, you must take steps to ensure that your building is well-protected and properly managed. Luckily, habitational risk insurance provides the specific coverage that rental property owners need to protect their building, tenants, and themselves. Learn how habitational risk insurance from the experts at NAU can offer you the coverage you need today.
One way that rental property owners can get this coverage is through a dwelling fire policy. As the name suggests, dwelling fire insurance offers coverage for the damages caused by fire and smoke; however, the coverage does not end there. These policies also offer coverage for hazards such as explosions, vandalism, and some weather-related threats such as wind and lighting. Dwelling fire policies are specifically designed for residences in which the property owner does not reside. This type of policy can be written for a single-family home up to a four-unit dwelling.
In addition to dwelling fire policies, property owners can access habitational risk coverage through a commercial policy from the insurance experts at NAU. If you are looking to get coverage for a larger multi-residence property, such as an apartment building, then getting a commercial policy is the best way to get the habitational risk coverage you need.
We at NAU also offer fantastic programs to help property managers minimize their liability risks. From advice on how to proactively manage your risks to insurance policies that protect your professional liability, we at NAU have the solutions that rental property owners can rely on.
This is just the tip of the iceberg. If you are curious to find out everything that habitational risk insurance can do for you, then don’t hesitate to contact the experienced team at NAU. We are ready to find you the perfect coverage options to fit your needs.