The term landlord insurance is not necessarily used by all insurance carrieres.  Some insurance companies call the coverage: Landlord Liability, Tenant Liability, Fire Policy, and the names can use varieties of these terms.

Home insurance traditionally covers the “Homeowner”.  A Tenant Occupied home requires a new subset of coverages for the “Homeowner”.

To big changes to a policy when converting from “Homeowner” to “tenant occupied” are:

• Liability Coverage… The liability coverage changes from “Family” perspective to “business” liability.  The nuances may be slight…
• Loss of Use vs. Loss of Rent. When an Owner occupies a home and there is a “loss”, the owner is displaced and needing funds for staying somewhere.  When a tenant occupies a home and there is a “loss”, the tenant is displaced and rent is not paid.  The loss of rent is a benefit of the “Landlord Policy”… If your home’s insurance policy does NOT differentiate between to the types of losses, then get the issue defined and MAKE sure you have coverage for “Loss of Rent”.

Landlord Insurance addresses the concerns of Liability and Loss or RENT vs. loss of use.

Give us a call…

Sincerely,

Paul “Matt Locke”

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• Perfect Credit
• No Losses
• No Lapse
• Multi-policy home insurance
• Multi-policy auto insurnace

Low Cost Landlord insurance is available for the stand-alone policy or the customer with multiple policies.   Our agency provides low cost landlord insurance for an array of Georgia property owners from around the world. 

The  agency’s agent has 10+ years of property management experience and has grown up in a home with terms like:

• Subject to
• Wrap Mortgages
• Lease purchase
• Contract in Lieu of Deed
• Fee Simple
• Land Trust
• LLC owned
• etc.

How ever you became a landlord or a owner of a tenant occupied house, condo, or other property, Matt Locke and Associates has solutions to your insurance needs.

Do give us a call

So, we all need to pay our fair share of taxes… But this year has us all reviewing our expenses and cutting costs every where possible.

I do not know of anyone that has not lost property value in the last year.  If you have the time to appeal your property taxes, you have until April 1st, 2009 to make your voice heard.

A popular website to help you through the process of appealing your property taxes is: www.GAPropertyTaxAppeal.com.

Start your process quickly and efficiently with the information from this site.

Paul “Matt Locke”

The main perils a policy does not inherently provide coverage for:

• Does not include Flood
• Does not include Earthquake
• Does not include Termite or Pest infestation

Each policy is quoted with “Vandalism” and  “Burglery” coverage.  Do to the recent economic conditions Burglary coverage has been added for the theft of A/C compressors, refrigerators, and copper plumbing… It is your choice to accept this coverage or not.  NOTE: Vandalism and Burglary coverage is VOID if the home is vacant or has been vacant of 30 consecutive days or more.

Do let us know up-front if the home is in a subdivision with a mandated Homeowner Association.  There is a special coverage to protect you from the Homeowner Association that could add as much as $15.00 per year to the policy.

Loss of Rent is included in the policy for a term of 12 months… This coverage does not have a limit.

Endorsing an Additional Insured is not a problem and we often times add the property management company to the policy.

This is just a quick synopsis of the coverage.  Do contact us for more details of the coverages our policies provide.