Contact Us: ​(410) 777-5390
Old Bay Insurance Agency
  • Home
  • Quotes
    • Auto Quotes >
      • ATV Insurance Quote
      • Auto Insurance Quote
      • Classic Car Insurance Quote
      • Roadside Assistance Quote
      • Motorcycle Quote
      • RV Insurance Quote
    • Property Quotes >
      • Home Insurance Quote
      • Earthquake Insurance Quote
      • Flood Insurance Quote
      • Landlords Insurance Quote
      • Renters Insurance Quote
    • Business Quotes >
      • Business Insurance Quote
      • Business Owners Package (BOP) Insurance Quote
      • Workers Compensation Quote
    • Life & Financial Quotes >
      • Life Insurance Quote
      • Long Term Care Insurance Quote
      • Annuity Quotes
      • Disability Insurance Quote
      • Final Expense Insurance Quote
    • Other Quotes >
      • Boat Insurance Quote
      • Umbrella Insurance Quote
      • Wedding Insurance Quote
  • Service
    • Report a Claim
    • Update Contact Info
    • Policy Changes
    • Proof of Insurance
    • Contact My Carrier
    • Online Documents
    • Free Consultation
  • Insurance
    • Vehicles >
      • Auto Insurance
      • ATV Insurance
      • Classic Car Insurance
      • Motorcycle Insurance
      • Roadside Assistance
      • RV Insurance
    • Property >
      • Home Insurance
      • Earthquake Insurance
      • Flood Insurance
      • Landlords Insurance
      • Renters Insurance
    • Business >
      • Business Insurance
      • Business Owners Package (BOP) Insurance
      • Workers Compensation
    • Life/Financial >
      • Life Insurance
      • Long Term Care Insurance
      • Annuities
      • Disability Insurance
      • Final Expense Insurance
    • Other >
      • Boat Insurance
      • Umbrella Insurance
      • Wedding Insurance
  • About
    • Staff Directory
    • Client Testimonials
    • Refer a Friend
    • Accessibility Statement
    • Insurance Carriers
    • Agency Photo Gallery
    • Blog
    • News
  • Contact
  • Home
  • Quotes
    • Auto Quotes >
      • ATV Insurance Quote
      • Auto Insurance Quote
      • Classic Car Insurance Quote
      • Roadside Assistance Quote
      • Motorcycle Quote
      • RV Insurance Quote
    • Property Quotes >
      • Home Insurance Quote
      • Earthquake Insurance Quote
      • Flood Insurance Quote
      • Landlords Insurance Quote
      • Renters Insurance Quote
    • Business Quotes >
      • Business Insurance Quote
      • Business Owners Package (BOP) Insurance Quote
      • Workers Compensation Quote
    • Life & Financial Quotes >
      • Life Insurance Quote
      • Long Term Care Insurance Quote
      • Annuity Quotes
      • Disability Insurance Quote
      • Final Expense Insurance Quote
    • Other Quotes >
      • Boat Insurance Quote
      • Umbrella Insurance Quote
      • Wedding Insurance Quote
  • Service
    • Report a Claim
    • Update Contact Info
    • Policy Changes
    • Proof of Insurance
    • Contact My Carrier
    • Online Documents
    • Free Consultation
  • Insurance
    • Vehicles >
      • Auto Insurance
      • ATV Insurance
      • Classic Car Insurance
      • Motorcycle Insurance
      • Roadside Assistance
      • RV Insurance
    • Property >
      • Home Insurance
      • Earthquake Insurance
      • Flood Insurance
      • Landlords Insurance
      • Renters Insurance
    • Business >
      • Business Insurance
      • Business Owners Package (BOP) Insurance
      • Workers Compensation
    • Life/Financial >
      • Life Insurance
      • Long Term Care Insurance
      • Annuities
      • Disability Insurance
      • Final Expense Insurance
    • Other >
      • Boat Insurance
      • Umbrella Insurance
      • Wedding Insurance
  • About
    • Staff Directory
    • Client Testimonials
    • Refer a Friend
    • Accessibility Statement
    • Insurance Carriers
    • Agency Photo Gallery
    • Blog
    • News
  • Contact

Old Bay Insurance Agency Blog

Scope and Limitations of Your Rental Properties Insurance: Five Important Things to Remember

1/4/2021

0 Comments

 
Picture
Renting your piece of property can be one of the best milestones you can have as an adult. You need to know all that you can about Rental Property Insurance before embarking on this endeavor.

Knowing all about Rental Insurance will help you understand what you need to do to get the property in question and the protection you need as a renter. You will also understand what the landlord needs for you and what he expects you to do as you rent the property down the line.
​
Here are some points that you need to remember about Rental Property Insurance in 2021.
  1. Coverage
    Initially, you have to learn more about insurance coverage when it comes to renting the properties. There are three basic types of coverage points that you can take advantage of as a proper renter. These are as follows: Personal Property, Liability, and Additional Living.

    The first one refers to your personal belongings inside the apartment. The second one pertains to any accidents that might happen to you or any damage that might occur to the property itself. The last point refers to the protection offered to the guests inside the apartment.

  2. The Limits
    Secondly, you need to remember that there are limits to what your coverage features can offer. For example, the insurance company can cover replacing furniture if it gets damaged in a fire. However, the insurance company won't cover everything. It is why you have to contact your insurer first to make sure that they can help you out.

  3. Deductibles
    This factor is another point that you need to remember when working without the Rental Property Insurance policy. It means that you would have to pay a certain amount of the expenses for replacement or repair before the insurance company can help you pay for the rest.

    The amount you pay will be deducted from the total price of the repairs.

  4. Theft
    If you have personal renter’s insurance, chances are, they will be able to cover and replace any stolen items that you might have lost after a break-in. Contact your local insurance agents to find out more about this.

  5. The Specific Stipulations
    Lastly, you should also check out the stipulations within the policy itself. Ascertain the cash value that the system will cover in case of damage theft. This way, you will be aware of what to expect when buying your insurance policy for rented spaces.

Conclusion
With these particular points, you will be able to understand the scope and limitations of your policy right away. Just make sure that you contact reliable sources when building your research. That way, you will not be led astray by false information.

At Old Bay Insurance Agency, we put our clients first by offering them policies that they can afford. Having insurance is a necessity nowadays, and we're here to help you out. Learn more about our products and services by calling our agency at (410) 777-5390. You can also request a free quote by CLICKING HERE.
0 Comments



Leave a Reply.

    Contact Us

    (410) 777-5390​
    133 Defense Hwy
    Suite 214
    Annapolis, MD 21401​
    Click Here to Email Us

    Archives

    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    November 2015

    Categories

    All
    Auto Insurance
    Business Insurance
    Health Insurance
    Home Insurance
    Insurance
    Landlord Insurance
    Life Insurance
    Renters Insurance

    RSS Feed

Licensed in Maryland, Delaware, Florida, Pennsylvania, and Virginia

Navigation

Homepage
Insurance Quotes
Policy Service
Insurance Products
Contact Us
Agent Login

Connect With Us

Picture

Share This Page

Contact Us

Old Bay Insurance Agency​
133 Defense Hwy
Suite 214
Annapolis, MD 21401
(410) 777-5390​
Click Here to Email Us
Review Us

Location

Website by InsuranceSplash