Your property is precious; don’t let the tenants ruin it for you. Get your Furniture and furnishings insured with the landlord contents insurance cover. Accidents may occur at any time that could damage your property and keep you paying all the bills. This is not fair. So, having the possessions protected with proper insurance coverage is the only viable solution.
You have invested in a property, and now you are looking to rent it for quick money. This is one of the most common sources of income these days. Renting your property is not an issue but make sure that your possessions are properly protected and insured. Some tenants may damage the property or misuse it, so the possessions need to be protected.
Almost every landlord goes for property insurance that covers building as well as the exterior structure such as a swimming pool, parking lot, etc. What it doesn’t include are the units of the apartment, including refrigerator, furniture, appliances, etc. Thus, if you are renting a furnished house then go for landlord contents insurance.
Listed below are the top 5 benefits of landlord contents insurance:
- Damages to the property are covered
When you are renting a furnished apartment for the tenants, you must understand where it will lead to. If you have not registered for content insurance, then we suggest you must. It not only covers all the damages to your property but it also keep you stress-free. If by chance, anything happens to the furnishings or items then you can claim their repairs with immediate effect. Proper landlord contents insurance covers all your possessions inside the apartment, so you’ll never have to worry about anything.
- No quarrels with the tenants on property damage
The accidents may occur at your apartment, and there is no way a landlord can predict such occurring. So, disagreements are likely to happen when no one is willing to pay for the damages. These are the frustrating times being a landlord. To prevent such quarrels, the landlord content insurance may help. The insurance can be claimed for damages to your goods. This maintains a peaceful environment between the landlord and the tenant. Furthermore, it also prevents any possibility that the dispute will end up in court.
- Save your time and money
Being a landlord, you are looking to earn some valuable income and not spend it fully. If the damages are not covered or protected under proper insurance cover, then you are at a slight disadvantage. Both your time and money would be lost without any insurance. So, be smart and act according to your needs. File a landlord content insurance only if you are renting a furnished apartment for the tenants. You will save a lot of money and your time will also not get wasted.
- Get immediate repairs
If the furnishings are covered under the insurance, then you need not pay for any of the damages. Once the tenants complain about any damage to the property, then you can immediately claim and get repairs. This is one of the most significant benefits of landlord contents insurance coverage. Any damage to the property will not stay for long as claiming for the cover is easy. This also ensures a good relationship with the tenants.
- Maintaining an excellent reputation as a landlord
A good reputation as a landlord brings more tenants which mean more income. Maintaining a good reputation is easy if you provide timely repairs to the damages and resolve the tenant issues. With a proper landlord contents insurance coverage this issue is solved. You can immediately file a claim for any damages reported to the property and get it fixed right away.
Many popular tenant eviction service providers can help you with the proper insurance coverage including property insurance. These providers have set up their online portals to provide direct access to the landlords for handling their tenant issues or filing insurance cover. Also, there are multiple benefits of landlord contents insurance cover as discussed earlier.
So, if you want to rent a furnished apartment to the tenants, then file for landlord contents insurance today. This will keep your possessions protected and insured for a long time.