• Landlord Insurance Rayne

    Landlord Insurance Rayne – Great Rates Can Be Found Here!

    Landlord Insurance Rayne

    If you own any type of investment properties in Louisiana including single-family residential units or apartment buildings and you’re looking for superior rates and coverage on Landlord Insurance in Rayne Louisiana or the surrounding areas make sure to reach out to the Landlord Specialist at Hearod-Lyons Insurance Group by dialing 337-514-2153.

    As a leading independent agency we can help landlords find better options on Landlord Insurance in Rayne, Kaplan, Crowley, and throughout the state of Louisiana.

    In addition we offer coverage for Student Housing, Assisted Living Properties, Low Income Housing, and Condo Associations as well.

    To submit your information online at all hours of the day click one of the links below.

    Do You Know What’s Covered By Your Rayne La Landlord Insurance Policy?

    In a previous article we talked about how there are three main types of landlord policies.

    Specifically, we looked at the Basic coverage for landlords. Let’s return to the fictional scenario we began last time to see how Amy’s coverage applies to her situation.

    Coverage Scenario Continued:

    The last time we met Amy Jones, landlord of an apartment complex, she had just finished filing a claim for severe smoke damage to one of her rental units caused by a tenant’s especially zealous smoking habit.

    A couple weeks later Amy receives notice from her insurance company informing her that the $9,820 in damages are not covered by her Basic coverage.

    Amy is dumbfounded. She’s certain that smoke damage is one of the named perils in her policy, so what gives?

    It does appear, at a casual glance, that smoke damage should be covered by Amy’s policy.

    Smoke is in fact listed as a covered peril:

    The insurance company will cover direct physical loss to property caused by:

    1. Fire
    2. Wind
    3. Hail
    4. Lightning
    5. Explosion
    6. Riot or Civil Commotion
    7. Aircraft (That damage your property)
    8. Vehicles (That damage your property)
    9. Smoke
    10. Vandalism or Malicious Mischief.

    However, some of the named perils contain subtext that modifies and clarifies the definitions of each named peril as they pertain to the policy. The additional language under 9. Smoke reads as follows:

    Smoke causing sudden and accidental loss or damage. This peril does not apply to loss caused by smoke from fireplaces or from agricultural smudging or industrial operations.

    So while Amy’s Basic landlord policy does cover smoke damage, it only covers smoke that causes “sudden and accidental” damage. Amy was well aware that he smoked in his apartment for the two years he lived there.

    So while the Basic landlord insurance policy can save you some money in the form of lower rates, those savings could be meager when compared to the cost of a claim event in the future that would have been covered by a more comprehensive policy.

    Landlord Insurance Rayne – Call Our Landlord Insurance Specialists Today!

    The agents at Hearod-Lyons Insurance Group are available Monday through Friday 8:30 AM to 4:30 PM at 337-514-2153. For after-hours inquiries feel free to click one of the links below:

    Tags: , , , , , , , , , , ,

    Landlord Insurance Rayne

    Posted on December 6, 2016 by WIN Admin

    Landlord Insurance Rayne – Great Rates Can Be Found Here! If you own any type of investment properties in Louisiana including single-family residential units or apartment buildings and you’re looking for superior rates and coverage on Landlord Insurance in Rayne Louisiana or the surrounding areas make sure to reach out to the Landlord Specialist at […]

    Landlord Insurance Kaplan Louisiana

    Posted on November 28, 2016 by WIN Admin

    Landlord Insurance Kaplan Louisiana – Great Coverage is Available! Do you own single-family homes or apartment buildings for rent in Kaplan Louisiana or the surrounding areas? Are you looking for Landlord Insurance in Kaplan Louisiana? Call Hearod-Lyons Insurance Group at 800-228-8291 for the top rates, friendly service, and sound advice. Whether you rent out apartment complexes […]

    Automobile Insurance Rayne Louisiana

    Posted on November 22, 2016 by WIN Admin

    Automobile Insurance Rayne Louisiana – Same Day Coverage!  If you are searching for Homeowners or Automobile Insurance in Rayne Louisiana or the nearby areas you have found the right company!  The Hearod-Lyons Insurance Group is a leading independent agency offering highly competitive rates on personal and commercial insurance in Louisiana and we offer same-day coverage.  […]

    Automobile Insurance Kaplan Louisiana

    Posted on November 16, 2016 by WIN Admin

    Automobile Insurance Kaplan Louisiana – Better Coverage Awaits! Do you want better coverage, service, and pricing on Automobile Insurance in Kaplan Louisiana compared to what you have currently? If so then why not speak to the agents of Hearod-Lyons Insurance Group? Call us right now at 337-514-2153 and one of our friendly agents will be happy […]

    The Hearod-Lyons Coverage Checklist

    Posted on November 11, 2016 by WIN Admin

    What Is the Hearod-Lyons Coverage Checklist and How Can It Help You to Find Hidden Gaps in Your Insurance Protection? I would like to share with you an important service we offer to our policyholders that can help you discover the hidden gaps in your insurance protection.  The first step necessary to discover potential gaps in […]