skip to Main Content

5 Types of Real Estate Insurance

Once you buy or rent a home, the next thing on your to-do list should be to set up insurance. Not only does this protect your home in an emergency, it can also make sure that your valuables can be replaced and even cover temporary lodging for you if your home is uninhabitable due to fire, flood, or another emergency. Here are common types of real estate insurance that you can consider.

Types of Real Estate Insurance

5 Common Types of Real Estate Insurance

Homeowner’s Insurance

If you own your home, this insurance is a must-have. It covers the structure as well as the things inside your home. If you have a mortgage, most lenders require that you carry a minimum amount of homeowner’s insurance.

Renter’s Insurance

For renters, you don’t need to worry about the structure. But you should still have insurance to cover your belongings inside. Many landlords require that you have renter’s insurance and will need to have proof of your policy on file.

Landlord’s Insurance

If you rent out a home, you need insurance to cover damage to the structure. These policies often include liability in case someone is injured on the property as well. This is a must-have if you rent out a property.

Umbrella Policy

This coverage is meant to provide umbrella-like coverage for all of your needs. It may not be necessary but if you own a lot of real estate, it can be a good thing to look into for added protection.

Flood Insurance

Did you know that flooding is not covered by most insurance policies? Flood insurance is provided exclusively by FEMA and coverage and premiums are dictated by your flood zone as well as the structure and elevation of your home. Flood insurance can be pricey but is the only way to protect your home from flood damage, which can be devastating.

Coming from 15-years in the Hospitality industry, I have a passion for providing exceptional experiences, paying attention to the details, and, most importantly, taking care of people. As a Certified Mortgage Advisor, I strive to help my clients in building homeownership strategies that align with their goals. I’ve spent the last 3-years helping families all over the country with their home financing needs and helping them plan for a successful future. Born and raised in the Inland Empire, I share a home with my beautiful wife of almost 10-years and my little girl Eleanor.

Back To Top