Rental property insurance
Landlord & Rental
Property Insurance
Whether it is the house you decided to keep or the next property in a growing portfolio, we help protect the income and flexibility you expect it to create.
What it covers
The parts of a landlord policy
Rental property insurance can protect the building, the owner’s property, the rent that depends on it, and the liability that comes with ownership. The right policy starts with how the home is occupied today.
- 01
The dwelling
Covers the rental house itself for covered causes of loss, using the limit and valuation method shown on the policy.
- 02
Other structures
Can cover detached garages, fences, sheds, and other structures on the insured premises, subject to policy limits.
- 03
Your property at the rental
Can protect appliances, maintenance equipment, furnishings, or other property the owner leaves for tenant use.
- 04
Lost rental income
Can replace covered rental income when insured damage makes the property unfit to rent during repairs.
- 05
Premises liability
Helps with covered claims alleging injury or property damage arising from ownership of the insured rental premises.
- 06
Optional protections
Water backup, equipment breakdown, service line, ordinance or law, and other endorsements may be available depending on the property.
Where policies differ
The address is only the beginning
Two rentals on the same street may need different policies because occupancy, condition, ownership, renovation plans, and the investor’s wider portfolio all change the job the coverage needs to do.
Six details that matter before a tenant moves in or a claim moves rent out.
- 01
Occupied, vacant, or being renovated
A leased home, an empty property, and a renovation are different risks. The policy must match the property’s current status.
- 02
Replacement cost or actual cash value
The settlement method can determine whether depreciation is subtracted from a covered building or roof loss.
- 03
Lost-rent limit and period
Policies differ in how much rental income is covered and how long payments can continue during covered repairs.
- 04
Water and sewer backup
Plumbing leaks, sewer backup, and outside flooding are different losses and may need separate coverage decisions.
- 05
Entity and ownership details
The named insured should reflect how the property is titled and who needs liability protection, including an LLC when appropriate.
- 06
One property or a portfolio
A growing portfolio may need coordinated limits, schedules, billing, and liability rather than a stack of unrelated dwelling policies.
Common rental property insurance questions
How is landlord insurance different from homeowners insurance?
Homeowners insurance is designed for an owner-occupied home. Landlord or dwelling insurance is built around a tenant-occupied property and can include building coverage, owner-owned property, lost rental income, and premises liability. The right form depends on occupancy, lease arrangement, and condition of the property.
Does landlord insurance cover a vacant rental property?
A standard landlord policy may restrict or exclude losses after a property has been vacant for a defined period. A home between tenants is not automatically treated the same as a long-term vacancy or renovation. Tell us the timeline so the policy matches the actual occupancy.
What is loss of rents coverage?
Loss of rents coverage can replace covered rental income when insured damage makes the property unfit for a tenant during repairs. It does not cover ordinary vacancy, unpaid rent, or every interruption. The limit and payment period should reflect the rent and likely repair timeline.
Can several rental properties be insured together?
Yes, many insurers can schedule multiple rental properties under one policy or coordinated program. The best structure depends on property count, locations, ownership entities, occupancy, values, and loss history. Combining properties can simplify administration, but each location still needs accurate limits and details.
Cover the property like an investment.
We will look at occupancy, condition, ownership, rent, and the rest of the portfolio, then compare policies that fit the property as it actually operates.