If you own or manage rental properties, understanding insurance needs for rental properties is key. Follow along with Kaycee Miller from Rentec Direct as she chats with an expert from the Steadily team for a value-packed discussion designed specifically for landlords and property managers.
Even experienced landlords and investors can find themselves in a costly situation due to a lack of proper insurance coverage. Unfortunately, many rental owners assume their insurance has them covered — until they discover gaps during a claim.
Understanding the ins and outs of landlord insurance is essential for any rental professional. Investors and landlords should have intimate knowledge of their landlord insurance policies, while property managers should understand the basics to guide owners to a reputable agent who can assist in selecting a policy that adequately protects their properties.
Join Steadily and Rentec for a practical, no-fluff conversation about landlord insurance. Kaycee Miller from Rentec Direct and Alexandra Reeves from Steadily walk you through the essentials of landlord insurance so you can confidently protect both your property and your rental income.
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What Every Landlord Should Know About Insurance
Steadily expert, Alexandra Reeves will break down the kinds of coverages rental owners actually need, explain how deductibles influence your monthly cash flow, and highlight the factors that impact insurance premiums.
You’ll also learn how to avoid common mistakes that can leave landlords underinsured or paying more than necessary.
Whether you own a single rental home or manage multiple properties, understanding how insurance works is critical to protecting your investment.
In this webinar, you’ll learn:
- The essential coverages every rental property should have
- How deductibles affect cash flow and risk management
- What factors influence landlord insurance premiums
- Common insurance gaps that surprise landlords during claims
- Practical tips to better protect your property and rental income
Follow along with the teams at Rentec Direct and Steadily for a value-packed discussion designed specifically for landlords and property managers.
View the recording on Youtube: Protecting Rental Properties and Cash Flow | Landlord Insurance Guide
Webinar Live Q&A:
The webinar was hosted live, so industry professionals just like you could ask their burning questions. The following questions were asked during our live session and were answered during the live event. (Questions were asked and answered throughout the session; as such, answers may be summarized for clarity. For full responses, be sure to watch the video.)
Brooke Asks – Are there any umbrella policies that cover mold? This is becoming way more common in properties that I manage.
An umbrella policy covers the liability, which mold could be covered through an umbrella policy. However, mold can be a complicated insurance topic, and it is definitely a matter that you should personally talk to an agent about the best protection for your situation.
Ed Asks – If you have a short-term rental, but use it from time to time personally, would you need both rental and homeowners’ insurance?
This can depend on how much you use it personally; consulting with an agent will give you the best recommendations for your specific circumstances. In general, if you’re only using it occasionally, you’ll likely only want a short-term rental policy. If you’re using it half the year, you can switch it between homeowners and short-term rental policy. It takes about 2 minutes to switch it back and forth, so give an insurance agent a call so that they can do it for you.