Based in Newport Beach, CA, Murvay Insurance assists California residents by offering different types of insurance policies. We strive to help our clients find policies that will specifically help their individual situations. We hope to establish long-lasting relationships with our clients.
Many landlords in the Newport Beach, CA area enjoy renting out their property. However, many make the mistake of not doing their due diligence in regards to covering their property. If you are renting out your property, landlord insurance helps protect you in the event that your property is damaged by a natural disaster. The policy also covers your property if someone vandalizes it. This is especially important if your property has structures attached to it, such as a garage or fence. Also, keep in mind that if someone were to get injured while visiting the property, you may be held responsible instead of the tenant. For that reason, you should inquire about liability coverage.
The policy includes property coverage so that you will be protected if your furnishings are destroyed. You should be able to get those items replaced. You can also receive lost rental coverage in the event that your property becomes uninhabitable because of a serious issue, such as mold or multiple appearances by rodents.
You can also amend your policy to cover you during special circumstances such as getting into a dispute with your tenant. Other special circumstances may include flooding damage or an emergency construction project. Your property may require different protection if it’s a multi-family unit compared to an apartment.
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If you would like to learn more information about landlord insurance, visit our website today!