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Landlord Insurance

Landlord Insurance Explained

This type of insurance is engineered to protect a residential property from any damage that may occur as a consequence of natural events or by some kind of man-caused action. The normal policy will protect the policyholder’s major structural aspects of his or her property such as the foundation, plumbing, doors, windows, roofs, and more. Also, any exterior builds like fences, gates, or walkways can also be covered under this kind of insurance plan.

 

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Who Benefits

Landlord insurance is specifically designed for those who own residential properties that are rented out to tenants. Rather than providing insurance coverage for the renters, this insurance is offered for the protection of the landlord’s interests. The rental properties can be apartments, condos, townhomes, or single-family homes; they all can come under the protection of landlord insurance.

How Does It Work?

Landlord insurance is similar to other insurance in that monthly payments of premiums are required and, when a claim needs to filed, deductibles paid are also all part and parcel to receiving the benefits. All these aspects determine the final annual policy costs for the rental property owner. A claim can be filed to receive a payout in order to properly repair structural damage or any detached items like appliances, sheds, and other valuable personal items that are landlord-owned but also enjoyed by tenants.

What It Does

Landlord insurance works by providing financial protection against such things as a fire that is accidentally set or even one that is caused by arson. This insurance can be put to use to wholly rebuild a property that has been completely destroyed or to repair damaged parts of the structure.

The greatest amount a policyholder can receive is directly related to the market value of the covered property at the time of its loss. This type of coverage can payout for property damage as a result of weather-related events like severe thunderstorms, tornadoes, hurricanes, and snowstorms. With this policy coverage, even vandalism and other purposeful acts of destruction can be covered under a landlord’s insurance policy.

Big Benefits

A big plus in carrying good landlord insurance coverage is the enjoyment of the peace of mind that is inherent in knowing, for example, that you can count on compensation for lost income if you need to evict a tenant. Renters are sometimes needed to be moved out of a property that is rendered uninhabitable due to disasters and accidents. In this instance, a landlord has the ability to file a claim and receive a payment that is equal to the sum that would have been collected from tenants had the destructive event not happened. Should tenants damage a rental property, having this coverage means the owner doesn’t have to worry about any out-of-pocket expenses for repairs. This coverage can be a great deal and, maybe, a necessary one for many landlords.

Everyone at Young Insurance is very helpful polite,professional, I have recommended friends and family of mine to them I would like to thanks Christine she goes out of her way to help me several times thank you your the best Christine also everyone at the office and on the phone treats you like FAMILY once thank you to everyone at Young Insurance
Roin McClusky
Roin McClusky
Joe, Christine, Deana , and all the team at Young Insurance Agency are great persons and professionals because they always provide their best in all that they do and they do it awesome!Highly recommended!!
Ili Castro
Ili Castro
Love these guys! Everyone there bends over backwards to help me when I ever need anything.
THEE CONCEPT
THEE CONCEPT
They are very professional and respectful along with caring about their people.
Edward Pettis
Edward Pettis
Great place..Great people ..Fast service ..Great quotes.. couldn't ask for anything more. Would recommend A.Young Insurance Agency to anyone.
Jackie Hayden
Jackie Hayden
Everyone are very nice and informative. I'm very glad to belong to this company. Always take care of my insurance needs
Brendan Scheuher
Brendan Scheuher
Outstanding service!!! Five stars across the line.
Ricky Stitt
Ricky Stitt
Your staff is great thay take the time to help in any way they can and myself and family appreciate it thank you
Gloria Matties
Gloria Matties
Joe was so kind and helpful when I reached out with questions concerning my auto ins. He gave me honest, no pressure advice that I was very appreciative of. Looking forward to working with him in the future.
Meteor Burger
Meteor Burger
Saved me so much money even after knowing I got 15 points on my license 🙏🏾🙏🏾
Jalane Majette
Jalane Majette
Hands down the best company and people you will ever deal with! If you want affordable coverage and a team that truly cares about you and goes out of their way to get you the best rates for your renewal even without being asked, this is the place for you. They are honest and hard working. That is rare to find these days. I will be a lifetime customer of A. Young Insurance!!!
Heidi Shock
Heidi Shock
Joe Leduc was very responsive in responding to my request for quote and understanding my needs to provide me policies that were very competitive. I appreciate his attention to customer service.
John Barton
John Barton
Kasia was such an amazing help and so quick in completing the changes I needed. Wouldn’t get my insurance anywhere else!
Laura Thomason
Laura Thomason
It was excellent thank you
Charla Davis
Charla Davis
A. Young Insurance Agency!!! Amazing work!! I worked with Andrea during my home insurance process. She worked to get the best pricing available. She kept me in the loop at all time. I really appreciate. A. Young Insurance Agency team. I definitely will recommend. Thank you again!
Clarence “CLA” Rice
Clarence “CLA” Rice
I had a great experience with my Agent Andrea… I was comparing home policies..As a senior citizen She explained various companies and ways I could save money each month…and she called me back couple times ON time as I requested…Thanks AgainSandra
Sandra Johnson
Sandra Johnson
Kelly is the agent that I see she is always been there for me and my wife and she is a great help and I thank her so much?
william Gentle
william Gentle
Friendly, great service ,The staff are awesome.
wildman687
wildman687
Kasia was golden, helped me at last minute with my issues. Helped me save money and everything. It was the greatest pleasure working with her.
Slugg 1101
Slugg 1101
Keseac , is the agent who helped me with my insurance and she was so helpful and kind and knowledgeable and understanding and looked for the best way for me to save money, But keep my car is insured and covered. I am truly very grateful that we have switched to a young insurance agency.
Sharon Schmitt
Sharon Schmitt
😆😄such warm generous to work with, they are by far the people to work with!! For all your insurance needs ! I am amazed by how much of a load it took off -we needed them and we have appreciated all the work they do!! Great Neighbors too!
Kathryn Hawley
Kathryn Hawley
Joe did an awesome job at getting me a new great insurance quote on my auto & I appreciate it more than you know!! Thank you Joe!!
Kristen Hebb
Kristen Hebb
They are hands down the best insurance company that I've ever dealt with! Shannon helps us every 6 months with our policy and they make it affordable for me to be able to have insurance on my vehicles! Shannon and Ron are definitely very down to earth people that care about their community and customers! I would highly recommend them to anyone!
Christopher McCall
Christopher McCall
If you're looking for great customer service and the lowest prices, then reach out to A. Young Insurance Agency. Kelly went out of her way to answer all the questions I had on renters' insurance and then combined them with my auto insurance for a better discount. I purchase my auto insurance from Joe back in April, and he provided a great customer experience at a time when everything in my life was a little hectic. Thank you both of them!
Vicki Briggs-Gamache
Vicki Briggs-Gamache
I had a great experience here. Larry really helped me through the difficult task of obtaining auto and renter's insurance. He went above and beyond to help me understand and compare different quotes and policies.
Char Woods
Char Woods
Great agency. Very responsive, friendly and easy to work with.
Hockey33
Hockey33
Joe Leduc is my agent. Joe finds me the best policies for my house in my car. I I know I’m saving a lot of money which means a lot to me and I’m getting the best coverage. Joe researches every company out there and matches me up with the best one I really appreciate his thoughtfulness and his help
Shelley Staffig
Shelley Staffig
Very happy with my insurance agent. He has saved me lots of money over the years. All the staff there is professional and courteous.
angela pollard
angela pollard
Great rates and quick to respond to inquiries! Recommend highly!
Jenny Kemp
Jenny Kemp
I’ve been working with John and the agency for years now, for both car and renter’s insurance. They have been fantastic, thorough, very easy to communicate with, incredibly helpful, and always proactive if there is something they see that can be changed for the client benefit. I love working with them and my needs are ALWAYS met.
Brooke Eason
Brooke Eason
Would highly recommend A.Young InsuranceAlways very helpful.Explains everything so wellAll the staff are always friendly.
Joanna Kinsella
Joanna Kinsella
Joe has taken great care of my insurance needs and my mothers. Always so friendly!
Ashley Nettles
Ashley Nettles
i have recommended this agency
Cedric Stroud
Cedric Stroud
Its a good place i love it
Ahmed Fayyaz
Ahmed Fayyaz

1400 Scott Lake Road, Suite AA
Waterford, MI 48328