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Landlord Insurance vs. Standard Home Insurance: Key Differences

Protect Commercial Insurance

Whether you’re a landlord with several rental properties or a homeowner looking to safeguard your family home, understanding your insurance needs is essential. In this blog, we’ll explore the key differences between landlord insurance and standard home insurance.

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Top Reasons Your Home Insurance Premium Might Increase [2024]

TGS

TGS Insurance » Blog Top Reasons Your Home Insurance Premium Might Increase [2024] Owning a home is often a dream come true, but when that dreaded notice arrives in the mail—informing you that your home insurance premium has gone up—it can feel more like a nightmare.

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Unlocking a Smart Home Insurance Discount: How Your Gadgets Can Lower Your Premiums

TGS

TGS Insurance » Blog Unlocking a Smart Home Insurance Discount: How Your Gadgets Can Lower Your Premiums If you’ve recently dipped a toe into the world of smart home technology, you’re likely familiar with the benefits of convenience. To insurance providers, that’s a win. Yes, you read that right.

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Replacement Cost Value vs. Actual Cash Value When it Comes to Home Insurance

Wren Insurance Agency

At Wren, because we are protection minded, we always quote our home insurance policies using Replacement Cost Value (also known as RCV) on contents, versus Actual Cash Value (ACV). Now, due to a claim (tied to a weather event, fire, theft, etc.), it would take $1,500 to purchase that same couch today.

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Why is landlord insurance more expensive than home insurance?

Cover4LetProperty

To understand why landlord insurance is typically more expensive than standard home insurance, it might be helpful to go back to the basics of insurance itself. Essentially, insurance is about risk and a calculation of the probability of loss or damage being suffered by the insured item or items.

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10 Factors That Affect Homeowners Insurance Premiums in Florida

TGS

These features reduce the risk of significant damage or theft, meaning less risk for the insurance company. Claims History Both your personal claims history and the history of claims in your area can impact your premium. So, not only do these add-ons keep you safe, but they can also keep more money in your pocket.

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Upgrades That May Require More Residential Insurance Coverage

Paragon Independent Insurance Agencies

Your residential insurance policy can list the items you invest in. The insurance coverage will protect against unforeseen damage and theft. If you need to file an insurance claim, the coverage you have purchased will handle the costs you are faced with while you are rehabilitating your property.