Landlord Insurance Policies

[Timothy Nelson]

I am wondering what experienced landlords think about, well about everything. For now though just one question. What do you think about Landlord insurance that covers (in addition to the structure) appliances, water heater and plumbing. Is it beneficial and cost effective?? Any and all input is more than appreciated. Thanks all.

[Chris K.]

Originally posted by @Timothy Nelson:

I am talking about a type of policy that let's say, the refrigerator dies or a leak develops in the plumbing. I have (thought) heard that when those scenarios occur a repairman is sent out and perhaps you are charged 60 bucks.

What you're talking about is a home warranty not Landlord insurance. There have been plenty of debates here before on the usefulness of home warranties. Some think they're worthless some people love them. You'd just have to weight the costs depending on your properties or appliances.

Just do a search for "Home warranty" and you can read thru some of the pros and cons.