Owning property in Kansas comes with important responsibilities, and insurance is at the top of the list. If you also own rental property, it’s essential to have the required and recommended coverage to protect yourself legally and financially. At the Marla Williams Agency, we’re here to answer your questions, recommend coverage, and help you secure the right policy.

Homeowner’s Insurance and Rental Property

Homeowner’s insurance is designed to protect the home where you reside. It typically does not extend to separate rental properties owned by the same individual. If you rent out another property to tenants, you’ll need landlord insurance, also known as dwelling property insurance. This separate policy focuses on protecting the rental property and covering damages that may occur.

Benefits of Umbrella Insurance

Just as an umbrella provides protection during unexpected rainstorms, umbrella insurance offers an additional layer of financial protection. This type of policy steps in when the limits of your homeowner’s or landlord insurance policies have been exceeded.

Rental properties often come with specific risks, such as tenant-related incidents that could lead to lawsuits or claims against you as the property owner. Umbrella insurance can cover expenses like medical costs for a tenant or visitor injured on the property, as well as attorney fees associated with legal claims.

Contact Us

Protect yourself, your property, and your assets with the right insurance coverage. Contact the Marla Williams Agency today, where our goal is to help you feel secure about your financial health now and in the future. Let us assist you in adding an umbrella policy for extra protection and peace of mind.