If you own a rental or investment property in PA, you should make sure that you carry adequate rental property insurance coverage. Accidents may occur and ultimately cause damage to your investment property. If you do not have the necessary insurance, you will be responsible for the full financial cost that PA renters insurance may not cover.
Owning an Pennsylvania investment or rental property brings with it a large degree of liability. In addition to the building itself, you may be responsible for injuries received by others while they are on your property. You could also be held responsible for damage to their belongings.
Types of Rental Properties Include:
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