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LANDLORD INSURANCE

Landlord insurance covers what homeowners insurance stops covering when you rent your property.

The moment a tenant moves in, your standard homeowners policy stops covering the property. Landlord insurance (DP-3) covers the building, lost rent if a covered loss displaces tenants, and your liability as a property owner.

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WHAT'S COVERED

What a landlord policy covers.

Dwelling coverage

The cost to repair or rebuild the rental property after a covered loss. This is the rebuild cost limit, separate from the property's market value.

Loss of rental income

If a covered loss makes the property uninhabitable, this pays your expected rental income while repairs happen. The most underused part of landlord coverage and often a savior during long repair periods.

Landlord liability

Pays if a tenant, their guest, or any third party is injured at the property because of your negligence as the owner. Standard limits start at $300,000 but most landlords should carry higher limits or add an umbrella.

Other structures and personal property

Detached garages, fences, and any furniture or appliances you own at the property. Tenant-owned belongings are not covered. Tenants need their own renters insurance.

IMPORTANT LIMITATIONS

What a landlord policy does not cover.

Tenant-owned belongings

Anything inside the property that belongs to the tenant is excluded. Tenants need their own renters insurance to protect their property.

Flood damage

Standard landlord policies exclude flood damage. Flood coverage requires a separate NFIP or private flood policy on the property.

Tenant-caused intentional damage

Damage that the tenant intentionally caused is generally excluded under the property coverage. This is what the security deposit and tenant lease are for. Some carriers offer endorsements for malicious damage by tenants.

Vacancy beyond the policy limit

Most landlord policies restrict or exclude coverage if the property is vacant for an extended period (typically 30 to 60 days). Long vacancies require a vacant property endorsement or separate vacant home policy.

OUR CARRIER PANEL

Carriers We Use for This Coverage

All carriers are A-rated by AM Best and appointed in the state. We compare them and recommend the right fit.

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CLAIMS TIPS

If You Need to File a Claim

Practical guidance for the first 24 hours, what to document, common mistakes to avoid, and when to call us.

Common questions

Can my insurance carrier deny my claim?

Yes, for specific policy reasons that must be in writing. You can challenge a denial.

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What is a recorded statement and should I give one?

An on-record interview the carrier uses for the file. Give one, but prepare first and never speculate.

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What happens after I report a claim to my insurance carrier?

Acknowledge, assign adjuster, investigate, decide. Most carriers move within 7-30 days for routine claims.

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Do I have to use the carrier's preferred contractor?

Usually no. Most policies let you choose any licensed contractor, though preferred shops have their own benefits.

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GET STARTED

Renting out a property without proper coverage?

Standard homeowners stops covering a property the moment a tenant moves in. Send us your property details and we will get you quoted on a proper landlord policy.

Varies by state, property type, location, claims history, and rent level. Most single-family rental properties pay between $800 and $2,500 per year. Multi-family and coastal properties typically cost more.

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