RRMSeptember 8, 2023 / RRMAdam Beyer

Protecting Your Rental Property Investment: The Power of Umbrella Insurance

umbrella insuranceRental property owners have a primary concern: protecting their valuable assets. Owning a rental property can be a great way to increase your income and net worth but it is also full of unpredictable events that pose significant risks. Unexpected events like tenant accidents, property damage, or legal disputes can occur at any time, and standard insurance policies may not be enough to provide adequate protection. This is where Umbrella Insurance comes in, providing essential protection against potential tenant lawsuits that could exceed the limits of conventional insurance policies. 

The Role of Umbrella Insurance for Rental Property Coverage:

  • Enhanced Liability Coverage: Umbrella insurance provides additional liability coverage beyond the limits of standard property insurance. It is important for rental property owners because it can protect them from financial losses due to lawsuits or accidents.
  • Comprehensive Safeguard: Umbrella insurance is a single policy that covers all rental properties, offering comprehensive protection and simplifying insurance management.
  • Coverage for Legal Expenses: This special coverage can help protect landlords from the high costs of tenant lawsuits. It can cover both settlement costs and legal fees, preventing financial strain.
  • Affordable Premiums: Umbrella insurance offers expansive coverage at a very reasonable price. It can protect you from the high costs of lawsuits and property damage.
  • Peace of Mind: Rental property owners can have peace of mind that they are protected against unforeseen liabilities.

Rental properties are a smart investment and that valuable investment needs comprehensive insurance protection. Umbrella insurance is a type of liability coverage that can protect property owners from large claims, such as tenant lawsuits. It is an affordable way to get comprehensive coverage and peace of mind. Don’t wait until a legal dispute or unforeseen incident threatens your rental property investments. Contact RRM Insurance to learn more about how coverage can be tailored to meet your needs and provide the protection you want.

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When all was said and done it was clear that Jerry and RRM was the right choice for us. I’m grateful to have an agent that is in my corner and is always there to answer questions and solve problems.  I have and will refer friends and family to Jerry and RRM Insurance Services, they get my highest recommendation.

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It’s always a pleasure contacting Jerry Morris with RRM Insurance Services. For any insurance need we have, Jerry has always taken care of it swiftly and effectively. He has always provided sound advice and ensures to get us the best value and savings possible!

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