As an astute real estate investor, you place a premium on investment growth and cash flow. Most real estate investors receive ongoing cash flow from rents associated with their property portfolio. This important revenue stream is at risk if an investment home becomes uninhabitable for some period of time following property damage and during repairs. In order to protect this cash flow, real estate investors need loss of rent insurance coverage on each investment home.
Loss of rent coverage responds to lost income from damage caused by certain perils, such as storms and fires, up to a defined policy limit. This coverage is also subject to a time element, such that loss of rent will reimbursed for a defined period, such as up to 12 months. Loss of rent coverage does not respond to all perils or damage to a property. For example, most policies do not include loss of rent coverage for flood or earthquake damage. Loss of rent coverage will not respond to damage due to negligence from the property owner. For example, if a home becomes uninhabitable due to mold resulting from a leak the owner failed to repair, then the policy would most likely not cover the related loss of income.
Therefore, loss of rents coverage is an important insurance policy provision. Real estate investors need this provision on their radar to make sure their future revenue stream remains intact. Our real estate investor insurance experts are ready to discuss this coverage in detail and help make sure your policy protects your future income.
REI Choice is the bi-product of a seasoned real estate investor and successful insurance executive. The ideation behind the company began in 2017 from a chance introduction and a combination of two unique visions. We are a licensed insurance agency in the State of Texas. We are able to offer these products nationwide.
REI Choice Insurance, LLC
519 East Interstate 30
Rockwall, TX 75087