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About Rental Insurance
So many renters don't stop to think about what happens if there is a fire, someone breaks in and steals their new TV or stereo, or when visitor slips and falls on their property. The sad truth is; as the tenant and being the current resident of the property you will be responsible.
The landlord has only insurance that covers the actual building, that coverage does not include your personal property or liability for injuries which occur in the space you rent.
When you are renting a property temporarily, you should protect yourself by obtaining rental insurance.
In some cases some tenants do not think they have enough personal property to make the cost of insurance worthwhile.
If you are renting a luxury rental, you are probably wrong!
Just add up the cost of everything you own, you may be in for a big surprise.
Consider how much money you've invested in things such as:
- Furniture and accessories
- Electronics like TV, stereo, computers
- Small appliances like microwaves, toaster ovens, etc.
- Art work like paintings or prints
- Dishes, silverware and cookware
- Sporting equipment
Rental insurance should cover all of these and more.
Another worst case scenario would be, what would you do if a friend is injured on your property and decides to sue you for medical costs and more?
Rental insurance may be worth the investment just for the peace of mind it offers you.
Herboso & Associates is a full service real estate company that understand the process of luxury rentals in the Washington DC, Maryland and Virginia Region
Our offices are located in Gaithersburg MD in Montgomery County Maryland.
We are looking for property owners that would like to receive our full service marketing package for Luxury Rentals here in Maryland. We work with diplomats and have direct contact with embassy personnel looking to relocate to our are in the $5,000 per month range,
Call our office at 301-968-0555 for more information