Tenant Dwelling Insurance: Protecting Property Owners in Texas
Tenant dwelling insurance in Texas is designed to protect property owners who rent their holdings to other people as a primary residence. Landlords face unique and significant liabilities and risks in making their properties available to tenants. Tenant dwelling insurance, which is also called “landlord insurance,” isn’t required by Texas law, but property owners nevertheless have certain legal responsibilities to their tenants.
Tenant Dwelling Insurance in Texas: Coverage for Landlords and Their Properties
If you’re a landlord, tenant dwelling insurance will help you satisfy your legal obligations to people renting your property if unexpected disaster or accident befalls. Your rental holdings represent a significant investment on your part and landlord insurance is a must for protecting that investment.
Northeastern Texas Tenant Dwelling Insurance Tailored to Your Needs
When you purchase a tenant dwelling insurance policy from Perry Hunter Hall, Inc, you have considerable latitude in with customizing the policy to suit your needs. A big part of our job is helping you understand how all the pieces fit. We’ll review all your risks and liabilities with you and fully address all your questions. We want to help you make educated decisions regarding suitable coverages for you, your properties, and all your tenants.
What Does Tenant Dwelling Insurance Cover?
As mentioned, coverage types and amounts can vary significantly from one landlord insurance policy to another. However, the following are coverage types commonly offered by landlord/tenant dwelling insurance policies:
Tenant Dwelling Insurance Building Coverage
Building coverage protects various buildings and structures on the Texas property itself. In addition to tenant buildings, other covered structures can include:
- Storage buildings
- Swimming pools
- Retaining walls, and other structures
In addition, building coverage also protects any of the landlord’s personal property he/she may use to maintain and/or service the property.
Tenant Dwelling Insurance Liability Coverage
Liability coverage protects you, the property owner, from liability claims arising due to bodily injury and property damage suffered by tenants in Texas.
Tenant Dwelling Insurance Loss of Income Coverage
If you’re forced to temporarily suspend operations of your insured property, this coverage reimburses you, the property owner, for loss of business income while your tenant dwelling property is shut down.
Tenant Dwelling Insurance Equipment Breakdown Coverage
Equipment breakdown coverage reimburses the property owner for damages to insured property caused by mechanical failures of insured equipment such as broken pipes.
Tenant Dwelling Insurance Tenant Move Back Coverage
If an insured event forces you, the landlord, to temporarily relocate tenants to alternate lodgings, tenant move back coverage helps defray the cost of moving them back home after the property is again deemed livable.
Tenant Dwelling Insurance Heating or Air Conditioning Loss Coverage
This coverage provides reimbursement for payments made to a tenant if a mechanical failure causes complete failure of heating or air conditioning in a tenant’s residence.
Contact Perry Hunter Hall, Inc for Tenant Dwelling Insurance
If you’re shopping for landlord insurance in Abilene, TX, we’d be thrilled to hear from you! As an independent Texas insurance agency, we partner with numerous landlord insurance carriers. Why is that important? All those partners give us the capacity to save you the hassle and inconvenience of shopping around for insurance coverage. We’ll do it for you!
At Perry Hunter Hall, Inc, we are passionate about proper tenant dwelling insurance coverage. We believe that our professional responsibilities are not to a corporation, but clients. We don’t work for the insurance industry. We work for you! We proudly service Abilene, TX, and its surrounding areas.
If you’re ready to start a new friendship with a landlord insurance agency in Texas that cares, call Perry Hunter Hall, Inc today at (325) 673 6414. We look forward to hearing from you.