Find The Best Rates For Your Landlord Rental Property Insurance Needs In South Carolina

 

What Do I Need To Get A Landlord Rental Property Insurance Quote In South Carolina?

  • Year of construction (year the home was built)
  • Home construction type (brick, siding, or a combination)
  • Home heated square footage
  • Roof Age
  • Age of plumbing, heating and air, and wiring (For homes older than 20 years)
  • Number of bedrooms
  • Number of Bathrooms (full and half)
  • Address of the home
  • Foundation type (crawlspace or slab)

 

 

shoppyInsurance Shopping Expert Tip: "In our experience the more accurate information you provide the better chance we have to shop your landlord rental property insurance rate and lock in a low price."

 

landlord rental property insurance In South Carolina

What Is The Difference Between Landlord Rental Property Insurance And Homeowners Insurance In South Carolina?

Landlord rental property insurance and homeowners insurance in South Carolina are similar in some ways, but they differ in their coverage and intended use. Homeowners insurance is designed for owner-occupied homes, providing coverage for the property and the personal belongings of the homeowner. Landlord rental property insurance, on the other hand, is specifically designed for rental properties and provides coverage for the building and any attached structures, as well as liability protection.

Landlord rental property insurance provides coverage for the physical structure of the property and liability protection for landlords, while homeowners insurance provides coverage for the property and personal belongings of owner-occupied homes.

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What Does Landlord Rental Property Insurance Cover?

Landlord rental property insurance typically includes coverage for the following:

  1. Dwelling: Coverage for damage to the physical structure of the rental property, including the roof, walls, and foundation.
  2. Other Structures: Coverage for other structures on the property, such as sheds or garages.
  3. Liability: Coverage for legal fees, settlements, and damages if a tenant or visitor is injured on the property and you are found legally responsible.
  4. Loss of Rental Income: Coverage for lost rental income if the rental property is damaged and becomes uninhabitable.

Additionally, landlord rental property insurance policies may offer coverage for optional add-ons, such as:

  1. Personal Property: Coverage for personal property belonging to the landlord that is used to maintain or service the rental property.
  2. Flood Insurance: Coverage for damage caused by floods, which is not covered under standard landlord rental property insurance.
  3. Earthquake Insurance: Coverage for damage caused by earthquakes, which is not covered under standard landlord rental property insurance.

What Does Landlord Rental Property Insurance Not Cover?

  1. Tenant's Personal Property: Landlord rental property insurance does not cover damage to a tenant's personal property. Tenants are typically required to obtain their own renters insurance policy to protect their personal belongings.
  2. Normal Wear and Tear: Landlord rental property insurance typically does not cover repairs or replacements needed due to normal wear and tear.
  3. Flood or Earthquake Damage: Standard landlord rental property insurance policies typically do not cover damage caused by floods or earthquakes. Additional insurance policies are needed for this type of coverage.
  4. Vacant Property: Landlord rental property insurance typically does not provide coverage for properties that are vacant for an extended period of time, such as 30 or more consecutive days.
  5. Intentional Acts: Damage caused intentionally, such as vandalism or arson, is not covered by landlord rental property insurance.
  6. Business Activities: Landlord rental property insurance typically does not cover damages or injuries that occur while operating a business out of the rental property.

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