Lessor Risk Insurance

Lessor risk coverage is a type of insurance policy designed to protect property owners who rent out their real estate to tenants. It provides liability coverage for the lessor (the property owner) in case a tenant or third party is injured on the premises due to the lessor’s negligence. Lessor risk insurance can help cover medical expenses, legal fees, and settlement costs if the owner is found legally liable. It may also provide limited coverage for damages to the rental property itself caused by tenants, such as fires or water damage. This type of policy is important for landlords to have to transfer the risk of third-party injury claims and certain property losses to the insurance company rather than being personally liable. Proper lessor risk coverage allows property owners to rent out their real estate with greater financial protection.

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