The Smart Louisiana Landlord Insurance Program
In these days of low interest rates, owning rental properties can be a smart investment. But it’s only as smart as the protection you have in place for your interests. Protection against vandalism, fire and theft. Protection against troublesome, lawsuit-minded tenants. And protection against other disasters.
You can secure the protection you need from a single source and under a single Landlord Insurance policy from Ozark Insurance Agency.
We’ve been protecting Louisiana property owners like you for almost half a century, so we can help you save time and money by customizing your policy and sourcing the most competitive rates available in the state.
What Kind of Landlord Insurance Do I Need?
At Ozark, our Landlord Insurance programs offer several options that can be tailored to your requirements in terms of both the scope and value of coverage.
Your key options include:
- Landlord Liability Insurance: This protects you against legal and medical costs if someone is injured (or even killed) in an accident on your property and you’re held responsible. It will also cover you for damage to others’ property, again if you’re held to blame — for example, damage to another apartment from your leaky pipes.
This is a huge risk for landlords. It’s not just about problems caused, for instance, by loose fittings or broken equipment, but also bad or illegal activities by your tenants that you don’t take action to stop. It’s your responsibility.
Landlord Liability Insurance will also protect you against lawsuits if you’re accused of evicting a tenant without following legal rules or if a would-be tenant accuses you of discrimination. - Landlord Property Insurance: This coverage protects you against damage or loss to your properties from perils like fire, theft (of your own possessions), vandalism and certain natural events like storms.
Landlord Property Insurance can also cover outside facilities like swimming pools and storage sheds, as well as maintenance tools. - Loss of Rental Income Coverage: Protects you if you lose rental income as a result of an insured event, such as a fire that makes your property uninhabitable.
- Actual Cash Value or Replacement Cost: with our variety of markets you will have the opportunity to decide if you want to insure your buildings for Actual Cash value or Replacement cost.
- Additional Insurance Coverage — The Landlord Insurance agents at Ozark Agency can add several other levels of coverage to your plan. These might include Flood Insurance and Umbrella Insurance — a type of policy that kicks in if the financial limits of your standard policy aren’t enough.
You may also need to provide Workers Compensation Insurance, which is a legal requirement in Louisiana if you employ anyone directly.
Do I Need Landlord Insurance?
If you rent out property, almost certainly, yes. But if you rent out part of the home you live in, it may be possible to add coverage to your existing homeowners insurance. Talk to us about this.
Why Ozark is Your Smart Solution
If you want to be properly insured at the right price, you want Ozark Insurance Agency. Here are a few reasons why:
We are landlords ourselves.
We work with multiple Landlord Insurance companies, so we can shop around to secure the most competitive rates available.
We continuously monitor insurance rates to ensure our clients continue to get best value for money.
We’ll answer all your questions and advise you if you need to make a claim.
No Cost, No Commitment Quotes Available Now
We’ve done all the research and shopping around to save you time and money.
Now you can save even more time and money through our no-cost, no obligation quote service.
Just click on the link on this page or contact us by email or phone for a fast response.
Be smart and do it now!