Like most insurance policies, landlord insurance is a one-year policy. However, you may be in a group where you need landlord insurance for less than that. You want the same benefits of property protection without committing to a full-year policy. The agents at Mitten Heritage Fraternal Society of Insurance, serving Berville, MI and surrounding areas, have encountered this situation repeatedly and are familiar with the answer.
Can You Get Landlord Insurance for Less Than a Year?
Yes, you can. Look for "short-term" or "month-to-month" landlord insurance. The policies provide basic coverage and benefits, but some may offer full benefits equal to standard landlord insurance. Some carriers have them as add-on riders rather than separate policies. Home sharing insurance, for example, is specifically for homeowners who rent out a room or two in their home to someone else. A third option is to secure standard landlord insurance and then cancel it after the duration. For example, if you need landlord insurance for six months, you buy a full year of landlord insurance and cancel the policy after six months.
Who Needs Landlord Insurance for a Short Time?
Vacant vacation home and temporary property owners will appreciate renting the space for a short time with landlord insurance. However, you don’t need to own property to use landlord insurance briefly. Homeowners who will leave their homes for a brief period but want someone to stay there while they’re gone will use short-term landlord insurance to protect them as they lease or sublet the property. Homeowners who have difficulty selling their houses and decide to convert them into rental properties will also qualify for short-term or month-to-month landlord insurance.
The agents at Mitten Heritage Fraternal Society of Insurance, serving the Berville, MI area, have no problem finding landlord insurance for shorter durations because we have the carriers with flexible policies. We will research their options and tell you the coverage, premium, add-ons, and benefits of each. After reviewing the options and your budget, select the one that suits you, and we’ll get started with enrollment and activation. For more information on landlord insurance, contact us today.
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