We offer the following home insurance options:
- Dwelling – Coverage for your house itself
- Other Structures – Coverage for any detached structures
- Personal Property – Coverage for the contents in your house (sub-limits apply to certain types of personal property)
- Loan of Use – Coverage for additional living expenses while your home is being rebuilt
- Personal Liability – Coverage if you are found liable for damages to another person’s property or bodily injury
- Medical Payments – Initial coverage if someone gets injured on your property
- Loss of Rental Income – Coverage for loss of income in the event that your tenants cannot occupy the dwelling because of a covered loss
- Water Backup – Coverage if there is a backup of a sewer or overflow of a sump pump
Why Carry Dwelling Fire Insurance?
Your mortgage company requires you to. If you don’t have a mortgage, you might want to carry coverage in the event your rental property is damaged or destroyed or if someone gets hurt on your premises.
What Limits and Deductibles Should I Carry?
Everyone’s individual situation is different and, therefore, coverage recommendations will vary. Traditionally, you want to make sure that if your rental property was a total loss, that your policy would rebuild another property with like kind and quality. With regards to the deductible, the higher the deductible, the lower the premium.
What if I Need to Insure a Coastal Rental Property?
If you own a primary, secondary, seasonal, or rental property near the coast, you probably know how difficult it is to obtain coverage for a reasonable premium. Whether or not you have hurricane mitigation, we have a market for you.
Contact Olde Liberty Insurance today for a comprehensive insurance review and a no-obligation, customized quote from some of the most reputable carriers in the state of Connecticut.