What is Landlord Insurance?
Landlord insurance, also known as Tenant Insurance, is designed to protect property owners who rent their holdings to other people as primary residences. Landlords face unique and significant liabilities and risks in making their properties available to tenants. Tenant dwelling insurance, which is also called “landlord insurance,” isn’t required by Mississippi law, but property owners nevertheless have certain legal responsibilities to their tenants.
Do You Need Tenant Insurance in Mississippi? You’re Covered with OakTrust Insurance
If you’re a landlord, tenant dwelling insurance will help you satisfy your legal obligations to people renting your property if an unexpected disaster or accident occurs. Your rental holdings represent a significant investment on your part and landlord insurance is a must for protecting it.
Insurance Policies Tailored to Your Needs
When you purchase landlord insurance from OakTrust Insurance Agency, you have considerable flexibility in regard to customizing your coverage. An important part of our job is helping you understand all the aspects of proper coverage. We’ll review all your individual risks and liabilities and fully address all your questions. We want you to make educated decisions regarding suitable coverages for you, your properties and for all your tenants.
What Does Tenant Insurance Cover?
A OakTrust Landlord Insurance policy in Mississippi covers a wide range of protections:
What Does Condo Insurance Cover?
With sufficient condo coverage, you can protect your condo from fires, wind and hailstorms, lightning strikes, theft, and other events not covered by association coverage. Let OakTrust Insurance, your Mississippi condo insurance expert, get you the coverage you need.
Tenant Insurance Building Coverage
Building coverage protects various buildings and structures on the property itself. In addition to tenant buildings, other covered structures can include:
In addition, building coverage also protects any of the landlord’s personal property they may use to maintain and/or service the property.
Tenant Insurance Liability Coverage
Liability coverage protects you, the property owner, from liability claims arising due to bodily injury and property damage suffered by tenants.
Tenant Insurance Loss of Income Coverage
It’s quite possible that, in an emergency, you could be obliged to temporarily suspend operations of your rental property. If that happens, loss of income coverage reimburses the property owner for lost income during said closure.
Tenant Insurance Equipment Breakdown Coverage
Equipment breakdown coverage reimburses the property owner for damages to insured property caused by mechanical failures.
Tenant Insurance Move Back Coverage
If an insured event forces you, the landlord, to temporarily relocate tenants to alternate lodgings, tenant move back coverage helps defray the cost of moving them back home after the property is again deemed livable.
Tenant Insurance Heating or Air Conditioning Loss Coverage
Heating or air conditioning loss coverage reimburses the landlord for payments made to a tenant if a mechanical failure causes complete loss of heating or air conditioning in a tenant residence.
For a Free Quote on Landlord Insurance in Mississippi Contact OakTrust Insurance Agency
If you’re shopping for tenant insurance in Mississippi, we’d be thrilled to hear from you! As an independent Mississippi insurance agency, we partner with numerous landlord insurance carriers. Why is that important? All those partners give us the capacity to save you the hassle and inconvenience of shopping around for insurance coverage. We’ll do it for you!
At OakTrust Insurance Agency, we are passionate about offering quality landlord insurance in Mississippi. We believe that our professional responsibilities are not to a corporation, but clients. We don’t work for the insurance industry. We work for you! If you’re ready to start a new friendship with a landlord insurance agency in Mississippi that cares, call OakTrust Insurance Agency today at (228) 354-0877. Or for a free online tenant dwelling quote, just fill out the free insurance quote form.