Many companies are raising prices on landlord insurance in Columbus Ohio and that may have prompted you to find our website!
Why Companies Are Raising Prices on Landlord Insurance in Columbus?
It’s principally because of one specific reason… Storm damage!
Record storm activity has inundated the Columbus Ohio area resulting in greater than anticipated claim activity.
What You Should, or Should Not Do to Save Money on Landlord Insurance?
It’s true that many of us do not want to pay more money for our insurance, but let’s consider the principal reason why we purchase Columbus landlord insurance:
Is it not to protect our rental properties, or is it to comply with lenders requirements?
If we’re interested in protecting our real estate investment, we don’t want to take the step of reducing our coverage to save money. Some investors have taken this exact step to their misfortune.
There Are Big Differences in Coverage between Policy Form and Company.
For example are you aware that there are significant differences in coverage between the basic, broad, and special property policy form?
The basic policy form does not provide coverage for water losses! If you have a water loss such as a burst pipe, you will be paying for this claim completely out-of-pocket. (There are many other limitations see you policy for terms and conditions)
One of our policyholders experienced a $50,000 burst water pipe claim! Fortunately they did not have the basic policy form so they were covered.
Why It’s Important to Work with an Agency That Explains Columbus Landlord Insurance in Detail?
Most agents only quote a price and give no advice. ™ We want to make sure that you are completely aware of your Columbus landlord insurance options.
Picking the wrong option could cost you tens of thousands, if not hundreds of thousands of dollars out of pocket!
Call Pathway Insurance at 800-998-0662, or 513-662-7000.
Need landlord insurance in other areas? Visit one of our other information pages by clicking on the link below:
- Landlord Insurance Dayton Ohio
- Landlord Insurance Cleveland
- Landlord Insurance Akron Ohio
- Landlord Insurance Toledo Ohio
- Landlord Insurance Youngstown Ohio
- Landlord Insurance Cincinnati
- Landlord Insurance Grand Rapids Michigan
- Landlord Insurance Lansing Michigan
- Landlord Insurance Ann Arbor Michigan