A landlord policy is written as a Dwelling Fire policy, not a Homeowner policy. A Dwelling Fire policy does NOT require that you live in the house as a Homeowner policy does. A Dwelling Fire policy is similiar to a homeowners insurance policy. A person who owns a house and lives in that house would have a homeowners insurance policy on the residence. A person who owns a house, but rents it out to someone else would have a dwelling fire policy on the residence. Dwelling fire policies are often slightly more expensive than a homeowners policy because there is a renter, not the owner, living in the home. A tenant occupied dwelling is at a higher risk, generally, than an owner occupied home.
If the home or other structures are ever destroyed or damaged due to a covered loss, we will pay the Actual Cash Value for the loss.
Let the Agency Relevance Demo Site, help you choose a policy that will fit your individual needs. Protecting your assets, whether personal, business, or both, is our goal. A well-chosen policy can lessen the impact of some of life’s most common, yet unforeseen perils. We’re here to help when you are considering purchasing this insurance from us.