If you are considering renting out your property, there are lots of things to think about. One of those things is whether to have landlord insurance or homeowner\u2019s insurance. Most people know about homeowner\u2019s insurance, but some people have not heard about landlord insurance.\u00a0 Mitten Heritage Fraternal Society of Insurance in Berville, MI is here to provide a guide.<\/p>\n
Dwelling coverage covers the structure of the home. This is included with both homeowner\u2019s insurance and landlord\u2019s insurance.<\/p>\n
This relates to other structures of the home, such as fences, driveways, sheds, etc. Both homeowner\u2019s insurance and landlord insurance cover other structures as part of their standard policies.<\/p>\n
Personal property refers to a person\u2019s belongings. Homeowner\u2019s insurance covers personal property up to 50 percent of a home\u2019s insured value. Landlord insurance rarely covers personal property but can cover furniture and appliances for an additional premium, depending on the policy that you choose.<\/p>\n
Loss of use means that if the home cannot be lived in for whatever reason, it covers your living expenses until your house is in a livable condition again. Homeowner\u2019s insurance covers loss of use, but landlord insurance does not.<\/p>\n
This is so that if a tenant moves out because of a covered loss, you don\u2019t end up losing out on that income that you would otherwise have. Homeowner\u2019s insurance does not cover the loss of rent, but landlord insurance does.<\/p>\n
Personal liability coverage covers expenses related to something that happens if it is your fault. This means that if something happens to someone on your property, insurance will cover the expenses related to the situation that occurred. Homeowner\u2019s insurance will cover you and the people living with you both outside and inside the home. Landlord insurance only covers what happens on the property.<\/p>\n
Contact us here at Mitten Heritage Fraternal Society of Insurance for your insurance needs in Berville, MI.<\/p>\n","protected":false},"excerpt":{"rendered":"
If you are considering renting out your property, there are lots of things to think about. One of those things is whether to have landlord insurance or homeowner\u2019s insurance. Most people know about homeowner\u2019s insurance, but some people have not heard about landlord insurance.\u00a0 Mitten Heritage Fraternal Society of Insurance in Berville, MI is here […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[9,7],"class_list":["post-19","post","type-post","status-publish","format-standard","hentry","category-landlord-insurance","tag-berville-mi","tag-mitten-heritage-fraternal-society-of-insurance"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.mittenheritage.com\/blog\/wp-json\/wp\/v2\/posts\/19","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mittenheritage.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mittenheritage.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mittenheritage.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mittenheritage.com\/blog\/wp-json\/wp\/v2\/comments?post=19"}],"version-history":[{"count":2,"href":"https:\/\/www.mittenheritage.com\/blog\/wp-json\/wp\/v2\/posts\/19\/revisions"}],"predecessor-version":[{"id":24,"href":"https:\/\/www.mittenheritage.com\/blog\/wp-json\/wp\/v2\/posts\/19\/revisions\/24"}],"wp:attachment":[{"href":"https:\/\/www.mittenheritage.com\/blog\/wp-json\/wp\/v2\/media?parent=19"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mittenheritage.com\/blog\/wp-json\/wp\/v2\/categories?post=19"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mittenheritage.com\/blog\/wp-json\/wp\/v2\/tags?post=19"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}