Blog Post

The importance of having the proper insurances as a property owner and as a tenant

Isaiah Lee • Mar 03, 2023

Natural Disasters & Liabilities

As a property owner or a tenant, having the proper insurance is crucial. Accidents can happen at any time, and having insurance coverage can protect you financially in case of unexpected events. Let's take a closer look at the importance of having the proper insurance.

For property owners, having homeowner's insurance is essential. It can provide coverage for damage caused by natural disasters, such as floods , earthquakes, tornadoes as well as protection against theft or vandalism. It can also cover liability claims, such as if someone is injured on the property.

Additionally, landlords should also have landlord insurance, which covers specific risks related to renting out a property. This insurance can cover things like lost rental income, damages caused by tenants, and legal fees related to tenant disputes.

For tenants, having renter's insurance can provide peace of mind and financial protection. Renter's insurance can cover personal property, such as furniture and electronics, in case of theft, fire, or other unexpected events. It can also provide liability coverage, protecting the tenant if someone is injured in the rental unit or if the tenant causes damage to the property.

In summary, having the proper insurance coverage is crucial for both property owners and tenants. It can provide financial protection against unexpected events, giving peace of mind and security.

Here are 3 of the insurance companies we work with and recommend

360 Insurance: Semon Agency

Address: 6130 Line Ave, Shreveport, LA 71106

Areas served: Shreveport and nearby areas

Phone: (318) 629-1905

Tyler Fredieu - State Farm Insurance Agent

Address: 4405 Youree Dr, Shreveport, LA 71105

Hours: Open 8 AM⋅ Closes 5 PM

Phone: (318) 869-1697

Cornerstone Financial Services: Gresens Leonard

Address: 960 Sheridan Ave B, Shreveport, LA 71104

Hours: Open 9AM⋅ Closes 4:30 PM

Phone: (318) 221-8888

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