Property owners have a responsibility to preserve their property and to protect tenants, their guests, and the public from harm. Owners and managers must evaluate their risks on a regular basis to determine their possible liability and financial loss and carry the appropriate insurance to deal with the liability and property damage risks.
A well-designed and carefully considered insurance package can protect rental property and managers from losses caused by many types of perils. A comprehensive policy will also include liability insurance, covering injuries or losses suffered by others as the result of defective conditions on the property. Equally important, liability insurance covers the cost of defending personal injury lawsuits.
At the very least, landlords and property managers must carry enough insurance to provide legal protection. Leonard Agency can help you to plan for and assess the right amount of coverage.
This is not intended to be a complete description of coverage. Leonard Insurance can provide you with the coverage which suits you.