When it comes to managing investment properties, the analogy “Going to the dentist to get your car serviced just isn’t an option” rings true for landlord insurance. Handling it yourself could cost you more in both time and money. Did you know that securing landlord insurance through a licensed property manager can save you up to 60% compared to doing it independently?
Why Owner-Landlords Pay More
- Higher Premiums: Individual landlords miss out on bulk discount rates, often paying significantly higher insurance premiums.
- Increased Risk: Without professional oversight, insurance companies view owner-managed properties as higher risk, resulting in inflated premiums.
- Limited Negotiation Power: Property managers often have established relationships with insurers, allowing them to secure better rates and more comprehensive coverage.
Why Property Manager-Managed Insurance is More Affordable
- Group Discounts: Property managers leverage bulk-buying power, securing lower premiums that independent landlords can’t access.
- Lower Risk Perception: Professionally managed properties are seen as lower-risk, translating to cheaper premiums.
- Tailored Insurance Plans: Property managers can access specialized insurance packages designed specifically for investment properties, offering better protection.
- Streamlined Claims Process: Property managers handle claims swiftly, reducing stress and ensuring efficient resolution.
Key Benefits of Using a Property Manager for Landlord Insurance
- Cost Savings: Enjoy lower premiums through bulk discounts.
- Expert Negotiation: Leverage property managers’ relationships with insurance companies.
- Simplified Claims Handling: Professional management reduces the hassle of dealing with claims.
- Reduced Risk: Property managers ensure your investment is properly covered, minimizing risks.
Conclusion: Why Professional Help Matters
I believe in using experts for specialized tasks. By referring my clients to trusted professionals like licensed property managers, I ensure they receive the best service and value. Client feedback and referrals show that I’m on the right track, helping property investors save money while reducing stress.
San Arora – 0450 008 065