Month: July 2025

Tenants in Berville, MI, can be both a blessing and a challenge. While some tenants leave a property in pristine condition, others may cause significant damage, leaving landlords with costly repairs. Landlord insurance can help protect property owners from financial losses due to unforeseen events.

Landlord Insurance

Landlord insurance, also known as rental property insurance, is specifically designed for properties that are rented out to tenants. This type of insurance provides protection for covered events and can help replace lost rental income if the property becomes uninhabitable. Unlike homeowners’ insurance, which is intended for owner-occupied homes, landlord insurance is tailored to meet the needs of rental property owners.

Covered Events

Landlord insurance typically covers damages caused by natural disasters, including tornadoes, hurricanes, fires, lightning strikes, electrical fires, and flooding. Coverage generally applies to accidental damage or damage beyond anyone’s control. It’s important to review your policy to understand which events are covered.

Exclusions

Landlord insurance policies often exclude certain types of damage, such as intentional damage caused by landlords or tenants. Structural damage is also excluded unless it results from a covered event. To fully understand the exclusions in your policy, it’s essential to speak with an agent at a company like Mitten Heritage Fraternal Society of Insurance.

Reimbursement

While landlord insurance may not cover intentional damage caused by tenants, landlords still have options for reimbursement. Many landlords collect security deposits from tenants before they move in, which can be used to offset repair costs. For extensive damages, landlords may also file a civil lawsuit against tenants to recover additional expenses.

Dealing with tenant-related damage can be stressful, but our experienced agents at Mitten Heritage Fraternal Society of Insurance are here to help. Contact us today to learn more about your landlord insurance coverage. We proudly serve the Berville, MI, area.