If you own rental properties in Woodstock or the surrounding metro Atlanta area, having the right insurance coverage is essential. At Mountain Lakes Insurance, we specialize in helping landlords protect their investments with policies designed specifically for non-owner-occupied homes. Whether you own a single rental property or manage a portfolio of ten, our team can help you find the right coverage through one of our trusted insurance carriers.
We also work with property owners who hold their rentals in different entities such as LLC’s, Trust, LLP or Corporation. Several of our carriers allow the LLC to be listed as the named insured, giving you the flexibility and protection you need for your business structure.
What Does a Landlord Insurance Policy Cover?
Landlord insurance, also known as a dwelling fire policy, is designed to protect the structure of your rental property. It can also include coverage for personal property you provide for tenant use, such as appliances or furnishings, and liability protection in case of injury or property damage.
Key coverages often include:
- Dwelling Coverage: Protects the physical structure of the rental property.
- Liability Protection: Provides coverage if someone is injured on the property or if you are found legally responsible for damages.
- Personal Property: Covers items you own that are used by tenants, such as appliances or lawn equipment.
- Loss of Rental Income: Helps replace lost income if the property becomes uninhabitable due to a covered loss.
Additional options may include water backup, ordinance or law coverage, and extended dwelling protection. We recommend requiring all tenants to carry their own renters insurance to protect their personal belongings.
Short-Term Rental Coverage
If you rent out your property through platforms like Airbnb or HomeAway, it is important to disclose this to your insurance provider. Short-term rental activity must be rated and written on the correct policy form. Failing to report this exposure could result in a denied claim. Our agency works with carriers that offer coverage specifically for short-term rental properties, so you can stay protected while hosting guests.
Coverage for Vacant Homes
Do you own a property that is currently unoccupied? If your home has been vacant for more than 30 days and will remain that way, you may need a different type of policy known as a DP1. This is a basic landlord form that accounts for the increased risks associated with vacant homes, such as vandalism or undetected damage. Our team can help you secure the right coverage to protect your property during periods of vacancy.
Frequently Asked Questions
Yes. Many carriers allow the LLC, trust, or other legal entity to be listed as the named insured, which helps align coverage with your ownership structure.
See what independent coverage can do for you
Whether you're comparing quotes or have questions about your current policy, we're here to help. Use the online tool below to explore your auto insurance options at your convenience, or give our Woodstock office a call to speak directly with a local agent who understands your needs. At Mountain Lakes Insurance, we make it easy to find the right coverage with the personal touch you deserve.
