Landlord Insurance
The moment you rent a property out it stops being a residence and becomes a business asset. Your homeowners policy knows this even if the paperwork has not caught up.
- Lost rental income while the property is uninhabitable
- Liability written for a tenant-occupied property
- Coverage for appliances and furnishings you provide
Request a landlord insurance quote
Tell us what you need covered. A licensed agent follows up with options, usually the same business day.
What a landlord insurance policy actually does
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The building
Physical damage to the structure from fire, wind, and other covered perils, on the same basis as a homeowners dwelling limit.
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Lost rental income
Pays the rent you would have collected while the property is unlivable after a covered loss. This is the coverage that most distinguishes a landlord policy.
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Landlord liability
Injuries to tenants and their guests, and legal defence costs. Homeowners liability does not extend to a rental you do not occupy.
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Landlord's contents
Appliances, furnishings, and equipment you supply. A tenant's belongings are theirs to insure.
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Other structures
Detached garages, fences, and sheds on the property.
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Optional vandalism and tenant damage
Available on many policies, with meaningful differences between carriers in what counts as covered damage.
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Your tenant's belongings
Not covered under any circumstances. Requiring tenants to carry renters insurance is the standard answer, and most leases now do.
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Normal wear from occupancy
Ordinary deterioration between tenancies is a cost of operating, not an insurable loss.
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Flood and earth movement
Excluded as standard, as on any property policy.
Landlord Insurance questions
Can I keep my homeowners policy if I move out and rent it?
No, and continuing to pay it is worse than useless. If the carrier learns the property is tenant-occupied, a claim can be denied on the grounds the policy was written for owner occupancy.
What about short-term rentals?
Short-term letting is treated differently again and is excluded by many landlord policies. It needs coverage written for that use.
Should I require tenants to carry renters insurance?
Yes, and most leases now do. It covers their belongings, reduces disputes after a loss, and provides liability coverage that would otherwise be aimed at you.
Does it cover a vacant property?
Usually only for a limited period. Extended vacancy commonly triggers an exclusion and needs a specific vacancy endorsement.
Related coverage
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Renters Insurance
Your landlord insures the building, not your belongings. Renters coverage handles your things, your liability, and somewhere to stay.
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Homeowners Insurance
Structure, contents, liability, and loss of use, with the exclusions spelled out before you buy, not after you file.
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Mobile & Manufactured Home Insurance
Manufactured homes need their own policy form. A standard homeowners policy will not cover one, and many carriers will not write them at all.
Not sure what you need?
Tell a licensed agent what you're insuring and what you're worried about. We'll walk through the options and what each one actually costs.