Missouri Landlord Insurance Quotes

Missouri landlord insurance quotes can help you find the best coverage for your rental and investment properties at the cheapest rates. Whether your investment property is in Columbia, Independence, Kansas City, Lee’s Summit, O’Fallon, Springfield, St. Charles, St. Joseph, St. Louis, or a smaller town in Missouri, owning a landlord insurance policy with sufficient coverage is absolutely necessary.

Here on this site, you can complete a request for Missouri landlord insurance quotes using the form provided. It only takes two or so minutes, and this little bit of time can help you make sure you’re getting the best policy at the lowest possible price.

Why Missouri Landlord Insurance Is Vital for Every Rental Property Owner

Missouri is subject to a number of natural dangers that can damage or completely destroy your property, like earthquakes, floods, and tornadoes. The destructive forces of nature shouldn’t dissuade you from investing in rental properties in Missouri, but it is important to protect your investment by having adequate landlord insurance coverage.

Aside from severe weather events and earthquakes in Missouri, people can also cause damage and destroy of your property. Fires are a good example of this. If you should lose your property to fire, you will want to make sure you can rebuild, and unless you’re willing to pay out of your own pocket, buying insurance is the way to go.

Use the quote form on this page to find out more about the best Missouri landlord insurance policies to keep your properties covered. The quotes you receive will very likely save you a great deal of money, because they are extremely competitive.

Earthquake and Flood Damage Insurance for Your Missouri Investment Property

Many property owners don’t know that earthquake and flood coverage is not included by default in their landlord insurance policies, and in this case, what they don’t know can indeed hurt them. Some areas of Missouri are more prone to earthquake and flood damage than others, but still, a few extra dollars spent on coverage now, even if you end up not needing it, is a wise decision.

Should your property be damaged or destroyed by a flood or an earthquake, you will want to repair or rebuild without having to use your own funds. That’s why add-ons for protection against earthquake and flood damage come highly recommended in the state of Missouri.

The other thing to keep in mind about flooding is that when you buy a policy for it, there is a waiting period before it becomes effective. So if a weather report tells you that heavy rains are on the way, it will be too late for your property to be protected from damage or total loss. Earthquakes can happen anytime in Missouri. So be sure you are protected from seismic and flooding events as soon as possible.

Missouri Landlord Insurance Quotes Could Save You from Losses In Addition to Property Damage

Although the number one reason investors buy landlord insurance is to protect against property damage, there are a number of other benefits to having a policy. Some landlords will want to insure the contents of their buildings. This is especially true for landlords who provide furniture or appliances (like stoves, refrigerators, washers and dryers). Tenants will, of course, be responsible for their own possessions, and can buy separate renter’s insurance policies.

Loss of rental income is another thing that landlord insurance can protect against. If your policy includes rental income loss, should your renters need to move out while you make repairs, you can continue to make money and cover your expenses. Without this coverage, you may need to draw on your savings or even tap your retirement accounts with tax penalties that are completely avoidable with the right coverage.

Then there are legal fees and liability to consider. If someone were to get hurt on your property, you might be found the responsible party. Medical bills and attorney expenses could drain you if you’re not covered, so when you’re looking at Missouri landlord insurance quotes, make sure you are comparing policies that will cover any liability issues or legal counsel that might arise.

Another type of coverage that landlords may find attractive is accidental damage your tenants might cause to your building. You never know what renters will do, and if their residence in your property results in more costly repairs than their damage deposit would cover, and you have no recourse to get the full cost of the repairs from them, accidental damage coverage in your Missouri landlord insurance policy will cover it so you don’t have to pay the difference yourself.

Two Unfortunate but Common Mistakes Missouri Landlords Make

There are two common mistakes (in addition to forgetting earthquake and flood coverage) that Missouri landlords make when buying insurance that prove very costly.

First, some investment property owners think they will save money on insurance premiums by not covering the full value of their buildings. In this instance, full value includes the total cost it would require to rebuild if the property were to be completely destroyed. Accidents do happen, and when the landlord doesn’t have full coverage, they might not get enough money from their insurance to replace their building and their income from it.

The other thing people do when looking at Missouri landlord insurance quotes is choosing a deductible that’s higher than they could actually afford to pay from savings or cash on hand. If you don’t have money readily available to meet your deductible, it would be better to choose a policy with a lower deductible even if the premium is a bit higher.

Get Missouri Landlord Insurance Quotes Right Away!

Almost every investment property owner who submits a Missouri landlord insurance quotes request form on our site ends up saving money. Don’t miss out on the savings. Fill out the form now.

 

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