Taking out insurance on your investment property is an important step in the process and one that requires an experts help to ensure you are adequately covered. For an outlay of a few hundred dollars a year, you can be covered for not only damage to buildings and contents, but also for rental default and damage by tenants.
The key with buying insurance is making sure that you get adequate coverage for your situation. The cost of landlord insurance can vary wildly, with some products costing less than half that of others; however, cover and service can vary significantly.
As a part of the IFP Advisory process, we can align you with a recommended insurance agent who will walk you through this step and assist you to get the right insurance.