Rental Property Insurance
Want to lower your monthly New York property insurance rate? Alwex Insurance serves landlords throughout the Tri-State.
Do you own a rental property in New York? Property insurance is a policy covering the property owner/landlord from financial losses associated with their rented property. Rental properties are major investments and can be valuable sources of income. Would you remain financially stable if the building you own were damaged or if a tenant was injured on your property? For landlords in New York, property insurance is an essential tool that can protect you in such situations.
As a landlord, you need to be aware that your homeowners insurance policy does not protect your rental property. It is important to also carry rental property insurance. Alwex Insurance will help you select the best possible rental property coverage available.
If you’re a landlord in New York, property insurance from Alwex Insurance can protect you against risks such as:
- Damage to your property
- Damages you could be legally obligated to pay
- Legal counsel and fees
- Up to 12 months of lost rental income
Typically for landlords in New York, a property insurance policy will offer coverages for only the building – with the option to add protection for the contents within the building. If you have furnished the interior on your own, including the additional coverage is a wise decision. Otherwise, most landlords will leave this responsibility to the tenants.
If you have any questions about the type of rental property insurance that’s right for you, don’t hesitate to utilize the knowledgeable agents at Alwex Insurance as a resource. You can reach us as 212-962-7930 or by simply filling out the form on this page.