Landlord Insurance Claims: What to Expect and How to File

Landlord insurance is a policy designed to protect property owners when renting out apartments, condos or homes. It can help financially cover incidents to the property, including damage caused by vandalism, burglary, severe weather or fire. Additionally, it may offer liability coverage to financially protect against claims or lawsuits related to injuries on the property.

When to File a Landlord Insurance Claim

Landlord insurance typically offers coverage for the following incidents:

• Fire and smoke damage—Whether it’s a kitchen fire or an electrical issue, damage resulting from a fire or smoke from a fire may be covered.
• Weather-related damage—This may include damage caused by storms, hail, lightning, wind and other weather events, depending on the policy. For instance, you can file a claim if a tree falls on your property during a storm.
• Water damage—Burst pipes, leaks and water-related issues are fairly common. Make sure your policy covers water damage.
• Theft and burglary—Stolen appliances or fixtures may fall under this category.
• Liability claims—If someone gets injured on your property and sues you, liability coverage may help cover legal expenses and medical costs.

Remember that each policy may have specific terms, exclusions and deductible amounts. Review your policy carefully and consult your insurance agent to understand the details. It’s also important to note that landlord insurance typically does not provide coverage for a tenant’s personal property or liability claims in which the tenant is found responsible.

Steps to File a Landlord Insurance Claim

The following are the steps typically used by landlords to file a claim:

1. Assess the damage. As soon as possible, assess the severity of the damage. Ensure that all tenants are safe. If the damage is structural, use caution when inspecting the property.
2. Contact authorities. If necessary, call the police and file a report. Having a police report can be crucial for insurance claims.
3. Document the damage. Take videos and pictures of all the damage. Note missing items. Keep copies of any police reports.
4. Contact your insurance agent. Reach out to your insurance agent promptly. Agencies are often available even after regular business hours. They can provide you with the necessary forms and information.
5. Prepare for an adjuster visit. An adjuster will usually come to your property to assess the damage. Be ready to show them the documentation you’ve collected.

Contact Ranch and Coast Insurance Services today to review your insurance policy and how to file a claim.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.