Many Oregon homeowners are thinking about fire insurance in a new light these days.  Unable to sell, homeowners are increasingly becoming landlords.
Are you having trouble selling your home in today’s real estate market and thinking about becoming a landlord?  If so, you’re

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Many Oregon homeowners are thinking about fire insurance in a new light these days.  Unable to sell, homeowners are increasingly becoming landlords.

Are you having trouble selling your home in today’s real estate market and thinking about becoming a landlord?  If so, you’re not alone.  A growing number of Oregon homeowners who need to relocate for a job or other reason are renting their homes instead of selling them in the current market.

Keep in mind that when you become a landlord, your property becomes a place of business and its fire insurance requirements change.  For example, you would need a fire insurance policy for landlords to cover the property and protect you if anyone is hurt on or in the property.

Fire Insurance
There are many choices with landlord policies these days.  Typically they would cover the building in case it’s damaged or destroyed by:

• Fire

• Explosion

• Lightning

• Windstorm*

• Hail damage*

There are important optional coverages you may want to consider such as:

• Replacement cost coverage on the home

• Liability coverage

• Coverage for theft

• Coverage for vandalism

• Loss of rent

• Landlord personal liability coverage

Oregon Fire Insurance
Deciding of the right kind of fire insurance may depend on your individual situation, you may consider some options especially important.  For example, do you rely on the rental income to pay your living expenses?  A landlord fire insurance policy may include coverage to help compensate for lost rent if the building is uninhabitable because of covered damage such as fire or explosion.

Almost all fire insurance companies can help you with these types of policies.  Fill out the form above and get fire insurance quotes from the top fire insurance companies in Oregon.  Choose which policy is right for you.  You could save hundreds of dollars on your fire insurance.

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