Do I need secondary dwelling & rental insurance?

Owning real estate can be a great way to build long-term wealth. While people all over the Blue Ridge GA area should consider buying their primary residence, getting another home can also be a good option. With a second property, you could even earn income through rent and future price appreciation. If you do own a second property, it would be wise to get a secondary dwelling & rental insurance policy.

Liability Coverage

A reason that you will want to get a secondary dwelling and rental insurance plan is that it will offer you valuable liability protection. If you own a second property that you lease out temporarily or permanently, you are going to take on the risk that someone could get hurt while onsite. This could cause a liability claim. When you get proper insurance coverage, it will ensure you have coverage to mitigate this risk. 

Protects Asset

You will also want to get a secondary dwelling & rental insurance plan to protect the asset. If you have a secondary asset, it would have taken a big investment to acquire. The best way that this asset can be protected is by getting a secondary dwelling & rental insurance plan. This can help to ensure you are able to repair it if there is damage that needs to be fixed. 

If you are looking for a secondary dwelling & rental insurance policy in or around Blue Ridge, GA, calling the Insurance Mart would be a good idea. The team with The Insurance Mart understands the value that comes with owning a secondary property. They also understand the value that comes with having proper insurance. The team can help you build and choose a secondary dwelling policy that provides the right coverage for your situation.