From those who rent a second home to tenants to those who have large commercial real estate holdings - Landlords need special types of insurance.
AJS Insurance Services provides insurance coverage for all types of property owners, including:
For Commercial Property owners, there are several things to consider in ensuring that your Primary Policy provides the coverage that you need to repair and rebuild after a disaster, and to cover your business liabilities and monetary losses as well. AJS Insurances Services will help you select a policy ensuring these important points are fully considered:
Liability insurance is another requirement for building owners. Liability coverage is your protection against a lawsuit if someone gets injured on your property and files a claim against you. How much coverage you need depends on your personal assets, your property’s features, how many tenants you have, and whether they have renters insurance. If someone is injured on premises you own, rarely do they only sue the potentially responsible tenant. You, as the property owner, almost always get sued too. Commercial Umbrella Insurance gives you extra coverage and is especially worthwhile if you own more than one property.
There are upgrades available to your policy that are nearly always worth the cost, like:
If you are renting a second dwelling that you do not live in, often times you will need a separate policy to cover that property and there is a range of products that come into play depending upon what type of property you are covering and how much coverage you wish to obtain. Some policies may give you the cash value of the home or damage to it, while others will cover the full actual replacement costs. You can also choose to guard against lost rental income in the event that the property has to be vacated for repairs or other occurrences. It is also a great idea to require renters insurance of your tenants, which will help ease the burden of covering any damages or losses. AJS Insurance Services will be a valuable parter in protecting your investments.