Rental Property Protection

Property protection in a landlord insurance policy typically helps cover physical property related to the rental unit. This includes:

Dwelling Coverage – Helps pay for repairs to your rented home, condo, or apartment if it is damaged by fire, lightning, wind, hail, or other covered losses.
Other Structures Coverage – Covers detached structures on your rental property, such as a garage or fence, if damaged by a covered event.
Personal Property Used for Maintenance – If you leave equipment such as a lawnmower or snow blower on-site to maintain the property, landlord insurance may help cover damages to this equipment. However, personal belongings unrelated to maintenance (such as a bike or entertainment devices) are typically not covered.

All coverage types are subject to the deductibles and limits outlined in your specific rental property insurance policy. Your deductible is the amount you must pay for a covered loss before your insurance coverage applies.

Liability Protection

The liability portion of a rental property insurance policy helps cover medical bills or legal expenses if someone is injured on your rental property and you are found responsible.

Extra Rental Property Coverages to Consider

Depending on your property’s location and condition, you may want to add optional coverages to enhance your policy. These may include:

• Vandalism Coverage
• Burglary Coverage
• Rental Property Under Construction Coverage
• Building Codes Coverage

Standard homeowners insurance primarily protects owner-occupied private residences against damages like fire, floods, earthquakes, and theft. However, landlords need rental property insurance because it provides specific coverage for rental-related risks, such as tenant negligence, accidental damage, and liability claims.

Rental property insurance helps cover damages or losses from tenant-related incidents, including repair costs for damaged furniture, carpets, or structural items. Policy terms vary based on property type and coverage needs, making it important to choose the right protection for your rental investment.

If you have questions about rental property insurance or want to compare the best policies, contact us today! We can help you find the right coverage to protect your rental investment.