Rated Excellent (4.8 stars out of 5) on TrustPilot
Landlord Insurance in Owensboro KY
Kentucky is a great place for new landlords. The low cost of living and affordable home prices make for a good starting base. In 2019 32.99% of households were renters in Kentucky. Here are some notable highlights of being a landlord in Kentucky:
- Eviction laws are lenient (7 to 14 notices; depending on the situation)
- Security deposits are returned 30-60 days upon lease termination (depending on disputes)
Who needs landlord insurance in Owensboro KY?
Landlord insurance (also known as rental insurance) is a policy for people who rent their homes to others. Landlord insurance is not required for a landlord, but insurance can bring many benefits:
Because of modern safety codes, fires have become rarer, but the fires that do start tend to cause total destruction of the property.
Broken pipes and appliance leaks are the most common and overall the most expensive property damage for rental properties.
Windstorm, hail, & lightning
Roof damage from storms has become increasingly common as the intensity and frequency of storms have increased over the last two decades.
Liability protection covers the cost of defending you and settling claims from tenants and their guests for injuries sustained on your property.
Riot and civil commotion
When violent protests break out, riot coverage can pay to fix property damage caused by looters and protestors.
Vandalism & theft
Malicious mischief coverage, as it’s known, covers repairs to broken glass, graffiti removal, and replacement of stolen or damaged property like shared washing machines.
Injury protection can keep you from getting stuck with the cost of medical bills if a tenant or visitor gets injured on the property.
Many policies also include coverage for a long list of other perils such as riots or civil commotion, explosions, volcanic eruptions, and damage caused by vehicles.
We're national & local
Steadily offers affordable landlord insurance across all 50 states. Our team of knowledgeable sales agents across the country are experts at finding the right coverage for your needs. From one local property to a portfolio across various states, we have you covered.
Get coverage in minutes
No hidden cancellation fees. Competitive rates nationwide.