Protect Investment Property Secure Future with Unique Insurance
Real-World Examples and Statistics
According to the Insurance Information Institute, approximately 6% of insured homes in the U.S. file a claim each year1. Moreover, the average claim for water damage or freezing is around $10,8492. These statistics underscore the importance of having adequate coverage to avoid significant financial setbacks.
Cost Considerations
The cost of investment property insurance varies based on factors such as the property's location, size, construction type, and the level of coverage selected. On average, landlords can expect to pay between 15% to 25% more for insurance than homeowners due to the additional risks associated with rental properties3. It's important to get multiple quotes and consider any available discounts, such as bundling policies or installing safety features, to reduce premiums.
Securing the right insurance for your investment property is a strategic move that offers protection and peace of mind. By understanding the types of coverage available and carefully evaluating your options, you can ensure your investment remains a lucrative and secure part of your financial portfolio. For those ready to take the next step, explore the diverse range of insurance options available and find the perfect fit for your investment needs.