I OWN RENTAL HOMES -
Frequently Asked Questions

I Own Rental Homes
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Insurance is a very competitive business and the price you pay for your rental dwellings can vary by hundreds of dollars, depending on the insurance company from which you purchase your policy. Thompson Insurance understands this and wants to help landlords make educated and cost-effective decisions regarding insurance coverage. Below you will find a list of the most commonly asked questions regarding rental dwelling insurance. If you do not find an answer to your question below, please contact us and one of our agents will be happy to assist you.

What type of plicy do I need?
A rental dwelling policy is designed to insure the dwelling, plus provide a minimal amount of coverage for your contents. The contents of the tenant are not covered under this policy. The policy also provides landlord liability.

How much coverage do I need?
In determining how much coverage is needed under a rental dwelling policy, you need to do a few things: (1) take the time to have a replacement cost estimate given for the dwelling, and (2) compile a personal property inventory, and (3) compile a list of detached structures you wish to be insured, and (4) determine a limit of liability.