Month: August 2024

If you’ve invested in rental properties, you want to do everything you can to protect those investments. Landlord insurance is one way to do this. Here at Armadillo Insurance Agency, serving Austin, TX, and the surrounding areas, we want to help clients understand their insurance options. Here are a few ways you can protect your properties with landlord insurance. 

Natural Disasters 

Natural disasters happen with no warning. The best any property owner can do is have the right insurance to protect against the financial expenses of rebuilding. If a natural disaster strikes your properties, you’ll be given the necessary funds to make repairs or rebuild if necessary. A natural disaster could leave you in financial hardship without this safety net. 

Tenant Damage

You can do all you can to vet your tenants before they move in, but you never know how they will treat your property. If tenants cause extensive damage to your property, you can evict, but what about the cost of the repairs? If a security deposit isn’t enough to cover those expenses, you could be left with out-of-pocket costs. A good landlord insurance policy can help pay for these expenses when unexpected tenant damage happens. 

Fire Damage

Fire is another threat to your rental properties. If a fire occurs, you could suddenly find yourself without an income stream. You could also be facing the expense of repairs or rebuilding. If you are properly prepared with the right type of insurance, this could leave you in a difficult financial situation. 

If you’d like to learn more about landlord insurance, please contact Armadillo Insurance Agency, which serves Austin, TX, and the surrounding areas.