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How Does Landlord Insurance Work? If the rental property isn’t furnished, you might save money on your coverage. On the other hand, if you’re renting out a home and that’s completely furnished, you’ll need to include personal property coverage in your policy. Location. If the rental property is in an area that sees high vandalism, thefts or natural disasters, it will affect insurance costs. Security go here systems. Security systems can lead to an insurance discount. Deductible. A deductible is the amount subtracted from an insurance claim check. The higher your deductible, the lower your premiums will be. If you have financed the rental property with a mortgage, most lenders will require landlord insurance.

https://www.forbes.com/advisor/homeowners-insurance/landlord-insurance/

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