Landlord Insurance
Landlord insurance helps protect rental property owners from financial losses related to property damage and liability risks.
Landlord Insurance
Landlord insurance helps protect rental property owners from financial losses related to property damage and liability risks.
About Landlord Insurance
Get a Landlord Insurance Quote
About Landlord Insurance
Owning rental property comes with unique responsibilities and risks, many of which are outside of your control. Landlord insurance is designed to help property owners protect their investment and reduce financial exposure when unexpected events occur.
Landlord insurance policies are similar to homeowners insurance but are specifically tailored for rental properties. These policies offer additional protections that address the risks associated with leasing property to tenants.
How Does Landlord Insurance Protect Me?
A landlord insurance policy typically helps protect you, your rental property, and certain personal property used in connection with the rental. Coverage may apply to damage caused by events such as fire, lightning, wind, or hail.
Landlord insurance can help cover:
Repairs to the rental property following a covered loss
Personal property used for the rental, such as maintenance tools
Liability protection if a tenant or visitor is injured and you are held responsible
Liability coverage may help pay for medical expenses, legal fees, and settlement costs related to covered claims.
What Additional Coverage Can Landlord Insurance Include?
Landlord insurance policies can often be customized to include additional protections based on your needs. Optional coverages may include:
Protection against vandalism
Coverage for increased rebuilding costs due to changes in building codes
Loss of rental income coverage if the property becomes uninhabitable due to a covered event
These options help provide added financial security for rental property owners.
What Is Not Covered by Landlord Insurance?
A common misconception is that landlord insurance covers a tenant’s personal belongings. Landlord policies generally cover only the property owner’s belongings, not those owned by tenants.
In addition, landlord insurance typically does not cover:
Equipment breakdowns
Routine maintenance or wear and tear
Tenant-owned personal property
Understanding these limitations is important when selecting the right coverage.
Get a Landlord Insurance Quote
Talk with a local agent to find the right coverage for you.