Home Warranty

You already know that Homeowners Insurance is a must to protect against loss from things like fire, flood, theft and other unexpected perils. But did you know that you can also cover things like hot water tanks, plumbing and appliance breakdowns? A home warranty from Phoenix Insurance offers 24/7 response from a nationwide network of 17,000 licensed and qualified contractors ready to get you back to enjoying your home.

Typical Coverage Includes

  • Personal Property
    Renting out a property takes upkeep and maintenance from the landlord. This may include equipment like kitchen appliances or construction equipment.
  • Liability
    Protect yourself from personal injury or alleged legal fees from accidents that happen on your property.

Home Owners vs. Landlord Insurance

Don’t risk financial insecurity assuming homeowners insurance covers your rental property. Homeowners Insurance does not cover liability or damage from a dwelling not occupied by the property owner.

Being a landlord is different from dwelling and living in your own home. It comes with extra liability and responsibility for damages your tenant may cause or accidents that may happen on your property that is not included in your basic homeowners policy. Depending on the policy, you may also be covered for a loss of income if your property becomes uninhabitable.

Typical Coverage Includes

  • Personal Property
    Renting out a property takes upkeep and maintenance from the landlord. This may include equipment like kitchen appliances or construction equipment.
  • Liability
    Protect yourself from personal injury or alleged legal fees from accidents that happen on your property.

Types of Policies

Depending on the length and frequency your rent your property, you may want to consider the following terms

A Rental Dwelling Policy is suited for properties that are rented out for at least 6 months at a time.

Renting out your property for short periods may be included in your existing homeowner’s insurance. Depending on the policy, you may be required to notify the insurance company when using the coverage.

Renting out your property frequently for a few days at a time may put your property comes with a different type of risk than long-term or occasional renters.

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