Protecting Immobile Assets
Houses and condos are not mobile like other insured property such as cars or people. However, there are a number of incidents that can befall property and can range from homeowner’s insurance, to rental and rental property insurance, to specific disaster insurance.
Homeowner’s Insurance
Homeowner’s insurance policies are designed to help pay for damages to a home or things within a home. Covered damages can include loss of property to fire or storms as well as covering liability for people’s injury or property damage. Common examples of homeowner’s insurance include hazard insurance, which is required by most banks who give out mortgage loans.
Renter’s and Rental Property Insurance
Renter’s and rental insurance are two interlinked forms of indemnity policies. Tenants will file for renter’s insurance in order to protect against the loss of personal possessions from theft or damage and also covers damage to the property they are renting that are not covered by their landlord’s insurance.
Rental property insurance is designed to protect landlords from damage to their rental properties. Under a rental property policy, damages meant to repair or rebuild the property can be paid out with a qualifying claim. Most rental property insurance claims cover vandalism, accidental water damage, storm damage, or other qualifying damages.
Disaster Insurance
Some specific insurance types exist to cover incidents that are not covered by a standard homeowner’s insurance policy. One big example of this is flood insurance. Flood insurance exists to specifically cover damages associated with flooding. Flood insurance is not just for high-risk homes, but any home that could be affected by flooding from nearby bodies of water.
Fighting to Keep Property Rights
If you have a property claim that overlaps with a property insurance claim and you need to pursue justice, you will need the help of an experienced real estate law attorney. A private defense attorney is able to focus completely on your case and get you the best possible outcome.
In order to achieve this best outcome, however, you will need an attorney who has the expertise and resources to take your case all the way. That’s why you should contact Attorney at Law. By partnering with AAL, you will be able to avoid slogging through the quagmire of unscrupulous lawyers looking to exploit your case.
At AAL, we only partner with the best firms in your area, helping you find the best attorney for your case. Don’t wait, contact AAL today to be matched with skilled and experienced attorneys in your area who practice real estate law.
