What Types of Insurance Do You Need as a Landlord

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If you are a landlord, there are many hats that you have to wear. However, as a landlord, you also need to look out for yourself. You need to protect your investment, as well as yourself. For this reason, you need to make sure that you have enough insurance to cover your real estate business. 

So, what do you need? Here are the types of insurance that you need for your business. 

Basic landlord insurance is like homeowners insurance. It is used to cover any damage that may occur to your property. Liability is also included. This will help you if anyone gets injured on your property. It will also cover legal bills if you get sued due to injuries. You may also have some loss of income coverage. 

Building code insurance. You may want to look into this type of insurance. This could be a lifesaver if you need to update your building to make sure that it is up to code. This will help to cover these expenses, which can be quite expensive. 

Non-occupied dwelling coverage. Though most basic plans will cover loss of income, the truth is that they won’t cover it indefinitely. It may help you pay your bills if the building is unoccupied for a month or so. This extra coverage will protect your investment for an extended period of time. 

If you truly want to make sure that you have enough insurance and are fully protected, you may want to talk to a professional. Here in Austin, TX, you need to contact us at Armadillo Insurance Agency. We would be glad to talk to you about your options. 

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Flood Insurance Guide To Help Texas Residents Find Coverage

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Armadillo Insurance Agency provides coverage to the Austin, TX community. We help our clients find policies to protect their assets. We pride ourselves on offering the best customer service possible. We will help you assess your options and find coverage that aligns with your future.

Flood Insurance Guide To Help Texas Residents Find Coverage

As an Austin, TX resident, you are likely aware of the potential damage that flooding can cause. The South is prone to bouts of severe weather that could wipe out everything. In the aftermath of a hurricane, flooding may occur throughout the area. Consider the benefits of flood insurance. Flood insurance covers your property if it is damaged due to severe flooding in the area. Check to see if your home is included in a designated flood zone. Designated flood zones are areas that are likely to experience flooding at some point over a 12-month span. Even if your home isn’t a designated flood zone, Texas is home to unpredictable weather. Something could still happen when you least expect it, which is why flood insurance is an asset.

Keep in mind though that there is a difference between flood damage and other water damage. Flood damage is caused by an excess of water throughout the area. Your home may also be damaged due to drainage issues, a busted pipe, or a sewer backup. In most cases, flood insurance does not cover your home in these circumstances. Research the policy carefully before making a decision.

Armadillo Insurance Agency Can Help You Protect Your Assets

Visit our website to learn more information about flood insurance.

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4 Fall Cleaning Tips for Austin, TX from Armadillo Insurance Agency

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As the winter cold starts to creep in, Summer is fading out and Fall is in the air. That means it’s time to clean your home from top to bottom. Something about a complete refresh simply can’t be beaten. Here are four cleaning tips to get the job done.

1. Create a Cleaning Calendar

There are a lot of nooks and crannies in your home that don’t get regular attention. It’s a lot to get done, and you’ll need a schedule to keep the family in line. A cleaning calendar keeps everyone accountable for their chores. 

2. Make a "Sell" Pile

Everybody has clutter. Getting rid of the junk you don’t use anymore is a crucial part of a good cleaning. Whether you have a yard sale out front, donate it to charity, or start auctioning it off on eBay, get stuff out of the house.

3. Clean Your Home’s Air

One of the most important things to clean in your home is the air. Changing air filters and upgrading to HEPA and/or activated carbon goes a long way to improving health. In fact, NASA has a list of houseplants that act as air purifiers. You can even bring some flowers into the house for a natural potpourri. 

4. Update Your Insurance

It’s not just your home – you should clean up your finances at least once a year too. With tax season upon us, updating all your paperwork is a good idea. Since you just sold a bunch of junk, your insurance coverages could use a second look too.

Fall cleaning can become a tradition. It’s a necessity. Contact Armadillo Insurance Agency today to clean up your insurance policy in Austin, TX.

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How Commercial Insurance Can Protect an Austin Business

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If you are in the Austin, TX area, you likely continue to notice an increase in population and a strong local economy. While these factors can make it a great place to live, Austin is also a great place for someone to start a business. If you are going to start a business in Austin, or anywhere else, you need to make sure that you are protecting it as well as possible. For those that are in Austin, one of the best ways to do this is by getting a commercial insurance policy as it can protect a business in many ways. 

Ensures Liability Risk is Covered

One way that a commercial insurance policy can protect a company is by making sure that liability risk is covered. No matter what your business does or sells, you will always have some level of liability risk. If you are sued for liability, you will want to make sure that you have proper coverage in place. A commercial insurance will give you the liability coverage you need.

Protects Assets

Starting a business requires you to invest capital to acquire assets. If these assets are ever damaged or destroyed, it could be bad for your company. A full commercial insurance policy will protect your assets in these situations. 

When you want to protect your Austin, TX area business, getting a commercial insurance policy is one of the best things that you can do. Since there are a lot of complexities that come with choosing this form of insurance policy, you should reach out to the team at Armadillo Insurance Agency as soon as you can. The insurance professionals at Armadillo Insurance Agency can help you to better assess your business risks and get into a policy that mitigates these as well as possible. 

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