Florida Rental Property Insurance
Though many Floridians own and live in their own homes, because Florida is a popular tourist destination and a state with a diverse population, there are many rental properties located throughout Florida. After all, many visitors enjoy renting vacation properties rather than staying in hotels while visiting the Sunshine State and, in addition, renting is the right option for many full-time residents, young and old, because it fits their lifestyle or budget.
Of course, rental properties need insurance protection, too. That's why Olympus Insurance offers an excellent selection of Florida rental property insurance products for those who are leasing their dwellings to long-term or short-term tenants. Rental property, or what is commonly called dwelling fire, insurance is essential for the protection of one's investment, and Olympus provides insurance options that include several coverage enhancements not available in other rental property programs.
Rental property (dwelling fire) insurance covers the rented building - be it a single-family dwelling, condo, apartment, or vacation rental - as well as any other additional structures on the property, like a garage or shed. However, the policy does not generally cover the personal property of the tenant. Instead, renters are usually required to purchase policies that are valued at an amount that covers all their personal property in case of loss. Personal property includes items such as clothing, furniture, tools, instruments, jewelry, and anything that the renter brings with them into the house, condo, or apartment. Florida rental property insurance, however, generally covers appliances or other items the landlord provides for the tenants' use.
Furthermore, FL rental property insurance provides liability protection in case of property damage or bodily injury lawsuits rising out of covered losses. In addition, most rental property insurance also provides loss-of-income coverage in case a disaster renders the property unlivable for any length of time. That means while you repair or rebuild, you can rest easy that your obligations will be met. (Limits apply)
Shopping for FL rental property insurance is a breeze with Olympus. The company underwrites thousands of policies each year and can design a comprehensive rental policy that is appropriate for the needs of each customer at prices that are competitive with other well-known insurers.
If you're currently a landlord in Florida or plan to become one in the near future, let an Olympus agent assist you with all your Florida rental property insurance needs by requesting a free, no-obligation FL rental property insurance quote today. Be prepared to discuss the value of your property, any items that require special insurance, and how much deductible your budget warrants. Then sit back and let our experienced agents find the right FL rental property (dwelling fire) insurance policy for you.