Rental Property Insurance

Overview

Rental property insurance—also known as landlord insurance—is designed specifically for property owners who rent out homes, condos, or apartments to tenants. Whether you’re a first-time landlord with a single unit or a seasoned investor with multiple properties, this coverage offers peace of mind by protecting your investment, your income, and your liability.

Owning a rental property is a smart financial move, but it also comes with risks—like fire, storm damage, lawsuits, or lost rental income when something goes wrong. A standard homeowners policy won’t cover you once you start renting the property to others. That’s where rental property insurance comes in—it bridges the gap by giving you coverage that’s built for the unique responsibilities and risks of being a landlord.

Rental property insurance allows you to protect your investment while offering safe, stable housing to others. It’s not just about bricks and mortar—it’s about ensuring your business can weather the storms, both literal and financial. With the right policy in place, you can manage your rental with greater confidence, knowing that you're covered where it counts most.

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whats typically included

Dwelling Coverage

This protects the structure of your rental home—including the roof, walls, floors, and built-in appliances—from damage caused by covered events like fire, wind, hail, lightning, or vandalism. It ensures you can repair or rebuild the property if it’s damaged, without draining your personal finances.

Other Structures Coverage

Extends to detached structures on your rental property, such as garages, fences, storage sheds, or guest houses. If a storm damages a backyard fence or outbuilding, this coverage helps pay for repairs.

Liability Coverage

Offers protection if someone is injured on your rental property and holds you responsible. It covers medical expenses, legal fees, and settlements if, for example, a tenant or guest trips on a broken step or is hurt due to a maintenance issue.

Loss of Rental Income

If your property becomes uninhabitable due to a covered loss—such as a fire or major storm—this coverage helps replace the rental income you would have earned while repairs are being made. It helps keep your cash flow steady during difficult times.

Medical Payments to Others

Covers minor medical expenses if someone is injured on your rental property, regardless of fault. It’s designed to help resolve small accidents quickly and avoid costly legal battles