Landlord Insurance

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Personal Insurance

A rental is a business, and it needs its own policy.

The moment you rent out a property, your homeowners policy stops applying the way you think it does. Landlord coverage handles the building, your liability as a property owner, and the rent you lose while it sits unrentable.

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The Basics

Homeowners coverage does not follow a rental.

Homeowners policies are written for owner-occupied property. Once tenants move in, the exposure changes and carriers expect a dwelling fire or landlord policy instead. Leaving a rental on a homeowners policy is one of the more common and expensive coverage mistakes we see.

Loss of rental income is the piece people skip. If a fire makes the unit unrentable for six months, that is six months of mortgage with no rent coming in.

  • Dwelling coverage at replacement cost
  • Landlord liability for tenant and visitor injuries
  • Loss of rental income after a covered loss
  • Appliances and property you keep on site

Worth Doing

  • • Require tenants to carry renters insurance
  • • Ask to be named as additional interest
  • • Add an umbrella above your liability
  • • Tell us about short-term rental use
What’s Included

Core protections on a landlord policy

Dwelling Coverage

Rebuilds the structure after fire, storm or other covered damage.

Other Structures

Detached garages, sheds and fences on the rental property.

Loss of Rental Income

Replaces rent while the property is unlivable after a covered loss.

Landlord Liability

Defends you if a tenant or visitor is injured on the property.

Landlord Property

Appliances, lawn equipment and furnishings you provide with the unit.

Vandalism

Optional coverage for malicious damage, which some policies limit or exclude.

Common Questions

Landlord Insurance FAQs

Does my policy cover my tenant’s belongings?
No. Their possessions are their responsibility, which is why requiring renters insurance in the lease is worth doing. It also reduces the chance a tenant looks to you after a loss.
I rent out one room. Do I need this?
Tell us either way. Partial rental of an owner-occupied home is sometimes handled with an endorsement rather than a separate policy, but it needs to be disclosed or the claim can be denied.
What about short-term rentals?
Short-term and vacation rental use is treated differently from a long-term lease and is excluded on many landlord policies. It needs a policy written for it.
How much liability should I carry?
More than the minimum. Rental property is a common target for liability claims, and an umbrella over your rentals and personal policies is usually inexpensive relative to the exposure.

Let’s get your rental on the right policy.

One property or several, we will structure it properly.

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