Landlord Insurance Quote
Get a landlord insurance quote that protects your rental property investment. We compare rates from carriers that specialize in landlord coverage and understand the unique risks of being a property owner.
Standard homeowner's insurance doesn't cover rental properties. If you're renting out a house, condo, or apartment unit, you need a landlord policy (also called DP-3 or dwelling fire coverage). It protects the building structure, your liability as owner, and your rental income stream.
Rental properties face different risks than owner-occupied homes. Tenants don't always treat properties like their own. Vacancy periods increase risk. Landlord insurance addresses these realities.
What Landlord Insurance Covers
• Building structure and fixtures - The physical structure of your rental property, including permanent fixtures like water heaters, built-in appliances, and HVAC systems.
• Liability protection - If a tenant or visitor gets injured on your property and sues you.
• Loss of rental income - If the property becomes unlivable due to a covered loss and you lose rent while repairs are made.
• Other structures - Detached garages, storage sheds, fences, and other structures on the property.
• Appliances and equipment you provide - If you furnish appliances, they're typically covered.
• Legal defense costs - If you need to defend against a covered liability claim.
What Landlord Insurance Doesn't Cover
Your tenant's personal belongings. That's their responsibility. Encourage (or require) your tenants to carry renters' insurance. It protects their stuff and provides them with liability coverage, too.
Landlord policies also typically exclude damage caused by tenants (intentional damage), normal wear and tear, and some maintenance-related issues. Read your policy carefully.
Why Landlord Insurance Costs More Than Homeowners
Rental properties carry a higher risk than owner-occupied homes. Statistics show more claims on rental properties. Tenants may not report small problems before they become big problems. Vacancy periods create opportunities for vandalism or undetected damage. Carriers price accordingly.
But the right policy protects your investment and your income stream. It's a cost of doing business as a landlord.
What Affects Your Landlord Insurance Rate?
• Property type - Single-family homes, multi-unit buildings, and condos are priced differently.
• Property age and condition - Older properties with outdated systems cost more.
• Location - Local claim patterns and property values affect rates.
• Tenant screening practices - Some carriers ask about your screening process.
• Claims history - Previous claims on the property increase rates.
• Coverage limits - Higher limits cost more but protect you better.
• Occupancy status - Short-term rentals (Airbnb-style) are priced differently than long-term rentals.
Multi-Property Discounts
Own multiple rental properties? Many carriers offer portfolio discounts when you insure several properties together. We can package your investment properties for maximum savings.