Nationwide landlord insurance secures your rental income instantly
Cost and Value Considerations
The cost of Nationwide landlord insurance varies based on several factors, including the property's location, size, and the coverage limits selected. On average, landlords can expect to pay between $500 and $2,000 annually for a policy, depending on these variables1. While this might seem like an additional expense, the protection it offers far outweighs the potential costs of uninsured damages or liability claims.
Moreover, Nationwide often provides discounts for landlords who bundle their insurance policies or install security features in their properties. These savings opportunities can significantly reduce the overall cost, making it a financially sound investment.
Real-World Applications and Statistics
According to a report by the Insurance Information Institute, approximately 35% of landlords experience property damage from tenants each year2. Without proper insurance, these repairs can be financially crippling. Nationwide landlord insurance offers a safety net that can prevent such scenarios from derailing your financial plans.
Furthermore, a survey conducted by the National Association of Insurance Commissioners found that 40% of landlords have faced liability claims related to their rental properties3. Liability coverage through Nationwide can protect you from costly legal fees and settlements, providing peace of mind and financial security.