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Cost Considerations and Savings Opportunities

The cost of landlord insurance varies based on several factors, including the location of your property, its size, and the level of coverage you choose. On average, landlord insurance can cost between 15% to 25% more than a standard homeowner's policy1. However, there are ways to reduce these costs:

  • Bundle Policies: Many insurance providers offer discounts if you bundle landlord insurance with other policies, such as auto insurance.
  • Increase Deductibles: Opting for a higher deductible can lower your premium costs, but ensure you can afford the deductible in case of a claim.
  • Shop Around: It's crucial to compare quotes from different insurers. Many websites allow you to browse options and find competitive rates.
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