If you own a building and lease it out to tenants, protecting your investment is essential. One of the best ways to do that is by securing Lessors Risk Insurance with Housley Insurance & Financial Services. This type of policy is designed to cover property owners who lease out their buildings to commercial or residential tenants in Junction City, OR. Whether it's a retail shop, office space, or apartment complex, you're putting a lot at stake by renting out your property. Thankfully, Lessors Risk Insurance offers you the peace of mind that you're covered if the unexpected happens.
Lessors Risk Insurance is a broad policy that covers both the property and liability risks you may face as a landlord. Some of the key coverage areas include:
Property Damage
This covers the repair or replacement of your building in case of fire, storm damage, or other covered events.
Liability
If someone is injured on your property, this covers legal fees, medical bills, and settlements.
Water Damage
Whether it's a burst pipe or a severe leak, water damage is common in rented properties, and this insurance has you covered.
As a property owner, it's crucial to know what kinds of claims you might encounter. Here are some of the typical claims you could face that would be covered under Lessors Risk Insurance:
| Claim Type | Description |
|---|---|
| Fire Damage | Fires can happen unexpectedly, causing significant damage to the property. Your policy can help with repair or rebuilding costs. |
| Slip and Fall Injuries | Someone slipping on icy sidewalks or wet floors can lead to lawsuits. Liability coverage helps pay for medical expenses and legal fees. |
| Vandalism | From graffiti to broken windows, vandalism can be costly to repair, but you're covered. |
| Storm Damage | Severe weather such as hailstorms and hurricanes can cause damage to the building's structure. |
| Water Damage | Floods, leaks, or burst pipes could ruin your building's interiors, but your insurance helps to cover repair costs. |
At Housley Insurance & Financial Services, we specialize in helping property owners like you protect their investments with comprehensive and affordable insurance options. When you choose us, you get personalized service from agents who understand your needs. Give us a call at 541-998-2301 to discuss how Lessors Risk Insurance can help safeguard your property in Junction City, OR.
If you're unsure if this type of coverage is right for you, or you want to explore additional options, we're just a phone call away at 541-998-2301. Our team will walk you through all the coverage choices available and help you select the best plan for your specific needs.
Don’t wait until it's too late to protect your property from potential risks. The unexpected can happen when you least expect it—whether it's a tenant-related issue or a natural disaster. Lessors Risk Insurance from Housley Insurance & Financial Services gives you the financial backup you need to repair damages or cover legal costs when necessary. Ready to get started? Contact us at 541-998-2301 or use our online quote request form to receive a free, no-obligation quote today!