When there is no mortgage holder involved, an owner of real estate has the option of not insuring a property. However, it not advisable to be exposed to such a large potential loss under any circumstances, especially when insurance is available. Owners of rental property need specific ‘riders’ and additional coverage, commercial property owners often need larger ‘umbrella’ coverage’ and ‘loss of income’ riders. Renters can also purchase specific coverage for their possessions too...

Here are our favorite Insurance Agents:

• Nationwide Insurance - www.nationwide.com

• 4 Corners Insurance - www.4cornersinsurance.com