LANDLORD INSURANCE POLICY

We want you to focus on building your investment property portfolio instead of worrying about insurance coverage and risk management. As a result, we take our time understanding the individual circumstances of your rentals and your tenants to ensure your landlord insurance coverage includes the following advantages:

LEGAL EXPENSES: Includes eviction costs, tenant injury liability coverage, judgments from tenant-caused damage, and other qualified risks.

MEDICAL COSTS: Provides medical payments for tenant or guest injuries on your property and other eligible occurrences.

WRONGFUL EVICTION COVERAGE: Covers legal fees and potential damages if a tenant sues for alleged improper eviction.

PROPERTY LIABILITY INSURANCE: Mitigates losses from tenant-caused damage, weather events, vandalism, flooding, plumbing issues, fires, and other individualized circumstances.

LOSS OF RENTAL INCOME: Offsets income gaps due to difficult economic conditions on behalf of a tenant or if a rental becomes uninhabitable.

Our team can work with you to create the best investment property insurance customized to your property and its associated risks, elevating your financial future while providing peace of mind.

Schedule a complimentary consultation to discuss your needs.

LANDLORD INSURANCE COVERAGE FAQ

WHAT IS LANDLORD INSURANCE?

Rental property protection is similar to other liability policies. However, it goes beyond traditional homeowners insurance plans by addressing investment property owners’ unique challenges with tenants and non-human related liabilities.

In this case, one of our insurance experts partners with you to discuss your rental portfolio, its risks, tenant needs, and other details to create a landlord liability benefits plan to mitigate unexpected financial losses based on your circumstances.  

WHAT DOES LANDLORD INSURANCE COVER?

With the rise of tenant lawsuits and climate catastrophes, this affordable solution has become more crucial than ever, whether you’re renting a single home or multiple apartments and buildings. 

Landlord liability insurance generally covers:

• Damage to a rental property from fire, storms, plumbing, vandalism, natural disasters, and other insured risks.
• Liability protection against lawsuits if a tenant or a guest becomes injured on your property.
• Compensation for lost rent if the property becomes uninhabitable during a covered event.
• Covers costs associated with tenant disputes or evictions.
• Guards landlord-owned items used to service the rental (e.g., appliances, maintenance equipment, and more).
• Dwelling coverage that insures the physical structure of the rental property, plus additional structure protection for garages and fences.

Remember, our landlord insurance experts are here to explain how to handle individualized risk and use that information to ensure your coverage addresses your unique circumstances.

IS LANDLORD INSURANCE REQUIRED?

Landlord insurance is often required by mortgage lenders to protect their investment, much like with a personal home. While some communities don’t legally mandate it, landlord insurance is crucial for covering tenant-related risks, property damage, liability, and loss of rental income. Having this coverage allows landlords to focus on managing their properties with peace of mind, knowing they’re protected from unforeseen issues.

CAN I USE MY HOMEOWNERS INSURANCE POLICY FOR MY RENTAL?

Unfortunately, no. Unlike homeowners insurance, landlord insurance is specifically designed for rental properties.

Keep in mind that to receive benefits like loss of rental income and other protections, you’ll need to get landlord insurance if you decide to transition your primary residence into a rental property.

HOW DO I GET THE BEST RATE ON LANDLORD INSURANCE?

Partnering with a team specializing in rental property protection who can meet with you and perform a personalized risk assessment yields the best premiums and savings. 

If you wish to discover the difference partnering with the right insurance team can make in terms of coverage and rates, let’s discuss your options. 

Contact us today to receive a custom quote based on your rental portfolio, and we’ll get to work securing you the best options at the lowest rates.