Get coverage for your rental properties!

As the population of Hood County continues to rise, so do the number of rental properties. Whether you are a first time investor, or you own several rentals, finding the right insurance coverage is critical to your profitability.

So exactly what type of insurance do you need and how does it work? Rental property insurance (also known as a landlord insurance policy) is a special insurance product designed for property owners who rent or lease a residential property to tenants. This is distinct from a traditional homeowners policy, where the owner typically lives in the home. Landlord insurance is usually designed to cover the dwelling, general liability, and loss of rental-income for property owners.

Granbury is a lake town and a tourist attraction, so there are a wide range of rentals types available. Some landlord insurance policies are designed only for long-term rentals, while others will also cover short-term rentals. At Patriot Insurance Services, we can help you find affordable coverage for your rental property whether you list on AirBNB or only rent out to long-term tenants.

It is also important to note that some insurance companies will only cover a certain number of rental properties per policyholder. We understand this dilemma, and because we are a broker for multiple companies, we can typically help insure all of your rental properties under one roof!

Frequently asked questions about landlord insurance

  • You can cover your rental property insurance even while it is vacant or being remodeled. In fact, some companies will provide coverage for vacant investment properties and then transition into normal landlord insurance once the property has a tenant.

  • Especially for newer landlords with only a few rental properties, bundling your personal and landlord insurance is a seamless and affordable option. Although in some cases, it could be best to split these insurance coverages between different companies.

  • Even if you hold your rental properties in an LLC, we can still insure them. You will need to provide the proper information, such as the EIN and the business mailing address, in order to get an accurate quote.

  • Specifically near Lake Granbury, you will want to ensure your landlord insurance policy includes the necessary flood and water damage coverages. Generally speaking, a landlord insurance policy covers the rental dwelling itself, and any accidents that occur on the premises, but not necessarily the contents inside the dwelling that belong to the renter.