Insurance Considerations for Property Owners

Julie Martinez • May 3, 2023

Income producing rental property is a great source of cash flow and helps in building generational wealth. However, owning property involves assessing several factors that impact the financial viability of the investment. One such factor is the need for appropriate insurance coverage for the property.


Listed below are the key insurance considerations that property owners should keep in mind when renting out their property:


Understand The Type Of Insurance Coverage Available


Before purchasing insurance coverage, it is important to understand the different types of insurance policies available for the property. A few important ones are:


  • Property Insurance: This type of insurance covers damage to the physical property caused by events such as fire, theft, or weather-related incidents.
  • Liability Insurance: Liability insurance covers the property owner's legal liability for any injury or damage caused to tenants or visitors to the property.
  • Rent Loss Insurance: This insurance covers the loss of rental income due to damage to the property that makes it uninhabitable.


Determine the Appropriate Coverage Amounts


It is important to determine the appropriate coverage amount for each type of insurance policy. Property owners should consult a licensed insurance agent to determine the appropriate coverage for the property based on its value, location, and potential risks. The coverage amount should be sufficient to cover the risks and liabilities associated with renting out the property.


Understand Exclusions and Limitations in the Policy


Insurance policies typically have exclusions and limitations that property owners should be aware of. For example, most insurance policies do not cover damage caused by floods or earthquakes. Property owners should review their policies and understand the exclusions and limitations to ensure they have the appropriate coverage.


Consider Additional Coverage Options


In addition to standard insurance policies, property owners should consider additional coverage options available for the property. These may include:


  • Umbrella Insurance: This type of insurance provides additional liability coverage beyond the limits of a standard liability insurance policy.
  • Home Warranty: A home warranty provides coverage for repairs or replacements of important home appliances and systems. 
  • Flood Insurance: If your property is in a flood-prone area, consider having flood insurance that will protect your investment in case a flood damages your property. 


Insurance cover for the property is an important consideration when you are renting it out. For more information on managing your rental property and protecting your investment, contact Hunter Rentals & Sales at 1503 W Stan Schlueter Loop, Killeen, TX 76549, United States, or call us at (254) 634-3311. You can also visit our website at https://www.hunterrentals.com. Our team of property managers is dedicated to providing top-notch property management services to property owners in Killeen and surrounding areas in Central Texas.

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Preventing Mold and Mildew In Your Rental Property

By 1920008 • June 12, 2025
Mold and mildew are persistent issues in environments with high humidity, especially during warm or rainy seasons. These fungal organisms flourish in damp, poorly ventilated spaces and can appear on a variety of surfaces, including walls, ceilings, fabrics, and furniture. Besides their unpleasant appearance and smell, mold and mildew can also cause health problems, especially for people with allergies or respiratory issues. Fortunately, with consistent maintenance and environmental control, the risks associated with mold growth can be significantly reduced. Ensure Adequate Ventilation Proper air circulation is one of the most effective ways to reduce moisture buildup indoors. Spaces such as bathrooms, kitchens, laundry rooms, and basements are particularly susceptible due to frequent water use and steam accumulation. To address this, ensure exhaust fans are properly installed and working. You can also open windows when weather conditions permit. Using ceiling fans or portable air circulators can further enhance ventilation and minimize moisture buildup. Use Dehumidifiers Strategically Dehumidifiers play a vital role in regulating indoor humidity. By drawing moisture out of the air, they create a less hospitable environment for mold and mildew. These devices are especially helpful in enclosed or poorly ventilated areas like storage rooms, attics, and lower-level spaces. Running a dehumidifier consistently can help maintain an optimal indoor humidity level, ideally between 30% and 50%. Address Leaks and Water Intrusion Quickly Unresolved water leaks—whether from pipes, roofs, or windows—can create hidden moisture pockets that lead to mold development. Regularly inspect plumbing fixtures, roofing systems, and window seals for signs of leaks or condensation. Prompt repairs are essential to prevent long-term damage and microbial growth in hidden or hard-to-reach areas. Clean and Dry Surfaces Frequently Surfaces that remain damp for extended periods are prime targets for mold colonization. Regularly wiping down wet surfaces, such as shower walls, countertops, and window ledges, helps eliminate excess moisture. Incorporating non-toxic mold-resistant cleaners into your routine can further discourage growth. In addition, drying wet fabrics or upholstery promptly and thoroughly is essential. Monitor Humidity with Hygrometers A hygrometer is a simple, affordable tool that measures indoor humidity. By placing one in each major living area, you can keep track of moisture levels and take timely action if they rise above safe thresholds. Maintaining indoor humidity below 60% significantly lowers the risk of mold and mildew formation. Maintain HVAC Systems Heating, ventilation, and air conditioning systems influence indoor air quality and moisture control. When neglected, they can circulate humid air or even harbor mold in ducts and filters. Routine maintenance—including regular filter replacements and periodic professional inspections—ensures efficient operation and reduces the likelihood of hidden mold development. Store Materials with Care Materials such as books, clothing, cardboard boxes, and textiles are especially vulnerable to mold if stored in damp conditions. Keep such items off the floor, away from walls, and in well-ventilated, dry areas. Use moisture-absorbing products like silica gel packs or desiccant containers in storage spaces to provide added protection. By implementing these preventive strategies, property owners and occupants can create a healthier, drier indoor environment that is resistant to mold and mildew, even during prolonged periods of high humidity. For more information on property management and maintenance tips, visit Hunter Rentals & Sales at www.hunterrentals.com and connect on Facebook and Instagram for the latest updates. Hunter Rentals and Sales is located at 3207 East Stan Schlueter Loop, Killeen, Texas 76542, United States. Phone: (254) 634-3311 

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