If you’re renting out a commercial property, you know how important it is to protect your investment. Landlord Risk Insurance offers coverage against unexpected damages, accidents, and liability claims, ensuring that you are not left to handle the costs alone.
Houston Small Business Insurance is here to help property owners in Houston, TX navigate the complexities of insurance. Let’s look at why having Landlord Risk Insurance is essential.
Landlord Risk Insurance, often called LRO insurance, is designed specifically for property owners leasing to commercial tenants. It covers damage to the property as well as legal fees and liability claims. This insurance ensures that if an accident occurs, you’re covered financially, allowing you to focus on managing your property.
Interested in learning more? Contact Houston Small Business Insurance at 855-201-8934.
If your property suffers fire damage, Landlord Risk Insurance can cover repair or replacement costs.
Vandalism to your building can be costly. This coverage ensures you're protected from these risks.
Liability claims from accidents on your property are covered, protecting you from legal and financial burdens.
Imagine leasing a retail property in Houston, TX. A customer slips on a wet floor and files a lawsuit against you, the property owner. With Landlord Risk Insurance, you don’t have to worry about the legal fees and potential settlement costs. This coverage gives you peace of mind, knowing your property is fully protected.
Here’s what you can expect from a typical policy:
| Type of Coverage | What It Covers |
|---|---|
| Fire & Damage | Covers repair or replacement costs for damages from fire, weather, or vandalism. |
| Liability Coverage | Handles legal fees and compensation if someone is injured on your property. |
| Income Loss | Provides coverage for lost rental income if your property becomes uninhabitable. |
| Provides coverage for lost rental income if your property becomes uninhabitable. | |
| Tenant Protection | Optional coverage for tenant property damaged by unforeseen events like fire or theft. |
Owning commercial property in Houston, TX comes with challenges, but you can minimize risk with the right insurance. Call us today at 855-201-8934 for more information or to get a quote.
If you’re ready to secure your property, fill out our quote request form and get started now!