Wait, don't click away!
I see you there, thinking "great, another boring home insurance page." This isn't one of those.
Your Financial Solutions offers Monroe's most straightforward homeowners insurance that won't make your eyes glaze over with industry jargon or leave you exposed when disaster strikes.
Most landlords don't discover what their policy actually covers until they're filing a claim, which is about as fun as discovering your parachute has holes after you've jumped out of the plane. Let's cut through the nonsense and explain what our Monroe NC landlord insurance actually covers:
This protects the actual structure of your rental property — the walls, roof, floors, built-in appliances, and attached structures like garages. You know, all the things tenants swear "were already damaged" when they moved in.
But here's the thing most agents won't tell you: you need enough coverage to rebuild your property at TODAY'S construction costs, not what you paid for it. Because contractors don't offer discounts just because you bought the property as a foreclosure in 2010.
This might be the most important coverage you never knew you needed. When your rental property becomes temporarily uninhabitable due to a covered loss (like that time your tenant decided to see if their Christmas tree would fit in the fireplace), this coverage reimburses you for lost rental income during repairs.
Think of it as the "mortgage payments don't stop just because your tenant turned the kitchen into a swimming pool" coverage.
This is for when someone gets hurt on your rental property and decides your landlord experience should include a lawsuit. It also covers damage you accidentally cause to other people's property.
Because nothing says "successful real estate investor" like NOT having your personal assets seized to pay for a tenant's medical bills.
This covers structures on your rental property that aren't attached to the main dwelling — detached garages, sheds, fences, and that questionable deck addition the previous owner built without permits.
If you furnish appliances or keep lawn equipment on-site for maintenance, this coverage protects those items.
However, it does NOT cover your tenant's personal belongings, that's what renter's insurance is for (which you should absolutely require, by the way).
Standard policies treat flood damage like that relative nobody talks about at family gatherings. It's not covered, period. If your rental property in Union County is anywhere near water (or, you know, it rains sometimes), you should consider separate flood insurance.
Your policy covers the building, not your tenant's stuff. Make renter's insurance a requirement in your lease agreement. Otherwise, you'll have tenants expecting you to replace their 85-inch TV that got damaged when they decided to see if their cat could swim.
While accidental damage is typically covered, intentional damage by tenants usually isn't. That's what security deposits are for—though they rarely cover the full extent of what creative tenants can accomplish.
Insurance covers sudden and accidental damage, not wear and tear. That slow leak that's been staining the ceiling for six months? Not covered. The roof that's been missing shingles since the Obama administration? Also not covered.
Our Monroe NC home insurance team explains coverage in plain English. We'll tell you what's covered, what's not, and why that matters when your water heater decides to turn your basement into an indoor pool or a tree decides your living room needed a skylight.
As an independent insurance agency in Monroe, we're not tied to any one company. That means we can shop around for the best coverage and rates without pushing products you don't need. Insurance companies don't send us on fancy vacations for selling their policies, we work for YOU.
Our office is in the heart of Monroe, NC. We understand Union County because we live here too. We know which neighborhoods flood when it rains for more than 20 minutes and which areas have had recent break-ins. That local knowledge translates to better coverage recommendations.
When you have a claim, you won't be talking to a different person in a different state every time you call. You'll talk to the same local team who sold you the policy and who actually remembers your properties and their quirks.
Only if you enjoy having claims denied and policies canceled. Homeowners insurance is specifically for owner-occupied properties. Once you rent it out, you need a landlord policy. The insurance company will find out you're renting the property (they have ways), and when they do, you'll be left without coverage when you need it most.
Enough to rebuild your rental property completely if it burns to the ground tomorrow. Also, enough liability coverage to protect your personal assets if someone gets hurt on your property. The real number depends on your property's construction, local building costs, and how lawsuit-prone your tenants seem to be. We'll help you calculate it without overinsuring.
It covers accidental damage, but not intentional damage or normal wear and tear. The line between these categories is about as clear as mud, which is why having an agent who will advocate for you during claims is so important.
We'll talk about your rental properties, tenant screening process, and what keeps you up at night.
We'll shop your coverage to multiple carriers to find the best combination of price and protection.
We'll explain the differences in plain English, not insurance jargon.
Once you decide, we handle all the paperwork.
We're here for policy changes, claims assistance, and annual reviews.
Smart Monroe NC property investors don't just get landlord insurance, they protect their entire financial life. Consider these natural companions to your landlord policy:
Contact Your Financial Solutions today for straightforward landlord insurance quotes in Monroe, NC.
We promise not to put you on hold for 45 minutes or transfer you to seven different departments before answering a simple question.