Whether you’re a landlord with an apartment building in your portfolio or a homeowner who is thinking about renting out your home, it would be in your best interest to check with an insurance agent regarding what you'll need to protect your property. One type you will not want to go without is rental property insurance. Barron Mutual Insurance Company of Wisconsin is the local expert in insurance and will help you select the right policy for your needs. 

Here are three things you should know about rental property insurance:

• Know the Insurance Type Needed: The insurance you'll need depends on the coverage you want. The three categories of dwelling policies include DP-1, DP-2, and DP-3 and cover various perils and circumstances. An agent will help you distinguish between the types to help you choose the one that fits your situation.
• Know the Cost of Insurance: You will probably end up paying more for rental property insurance than you do for a homeowners policy. The cost typically runs anywhere from $800 to $1,200. Shop around and find the best rate before making the final decision with an insurance agent.
• Know What Needs to Be Insured: While this type of insurance will insure your rental property, it typically won't for its contents—unless you leave your own appliances on the rental property and arrange to have them covered. Your tenant should talk to an agent about getting their own renters insurance to cover their belongings.

If you are in need of rental property insurance, contact a company or agent for a quote and more information. To find out more, call Barron Mutual Insurance Company in Wisconsin at (715) 537-5141, or see their website for details on all of their policies.