Ensure Rental Success With Foremost Landlord Insurance Solutions
Types of Coverage
Foremost Landlord Insurance offers several types of coverage to meet the diverse needs of property owners:
- Property Coverage: Protects the physical structure of your rental property, including attached structures like garages and sheds.
- Liability Coverage: Covers legal and medical expenses if someone is injured on your property and you are found liable.
- Loss of Income Coverage: Compensates for lost rental income if the property is uninhabitable due to a covered loss.
- Optional Coverage: Includes additional protection such as vandalism, burglary, and natural disaster coverage.
Financial Considerations
When considering landlord insurance, it's essential to weigh the costs against the potential savings from covered incidents. While premiums can vary based on factors such as property location, size, and value, the average cost typically ranges from $800 to $1,200 annually for a single-family home2. Many providers, including Foremost, offer discounts for bundling policies or installing safety features like smoke detectors and security systems.