Instant Landlord Insurance Quote
Are you a rental property investor looking to protect your investments against damage and yourself against liability? Then you've come to the right place. Our rental property insurance policies are designed to offer all-inclusive coverage for your valuable investment assets in order to provide you with the necessary peace of mind. With our landlord insurance, you benefit from:
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Comprehensive Coverage
Our rental property insurance provides coverage in case of fires, water, windstorms, hail, lightnings, riots, vandalism, theft, injuries, lawsuits, and more. We protect your investment property, your personal property, your tenants, and you. -
Affordable Rates
Our comprehensive landlord coverages are available at competitive costs. We offer affordable rates by customizing your landlord insurance policy to include your exact property type and only those landlord coverages you need. This helps you minimize operational costs and boost cash flow. -
Customizable Plans
Our landlord insurance policy is fully customizable to meet the exact needs of your rental properties and you. Whether you own single-family homes, condos, or multi family homes, whether you lease on a short term or long term basis, we will tailor our rental property insurance policies to suit your specific property and circumstances. -
Risk Mitigation
Owning traditional and vacation rental properties carries inherent risks. With our landlord policy, you can mitigate all foreseeable and unique risks and prevent financial setbacks in case of unexpected events such as natural disasters, vandalism, and theft. -
Instant Landlord Insurance Quotes
Just tells us a bit about your property, and one of our insurance agents will immediately get in touch with you with a customized quote. Then, you can discuss how to tailor what your landlord insurance covers based on your unique property and needs. There is no need to pay for property or liability coverage that you simply don't need. -
24/7 Customer Service
Our experienced insurance agent team is available to assist you throughout the insurance process. From obtaining a quote to filing a claim, we are here to provide best-in-class customer support. You don't need to be alone in challenging situations affecting your rental property business and you.
Full Rental Property Insurance Coverage
When choosing the best rental property insurance, you have to understand what exactly is included in the landlord coverage. Here is what you get with our landlord insurance policies:
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Property Damage and Loss
Our rental property insurance safeguards your investment by providing financial protection against property damage caused by various risks including fires, water leaks, storms, vandalism, theft, and more. -
Personal Property Coverage
Our landlord insurance coverage includes damage to furnishings and other personal belongings present on the property during covered events. -
Personal Liability Protection
Our rental insurance liability coverage protects you from legal and medical costs in the event of bodily injuries sustained by tenants or their guests on your rental properties and consequent lawsuits. -
Loss of Rental Income
Our landlord policy covers lost rent payments at fair rental value during necessary repairs in case your rental property becomes uninhabitable due to a covered event. -
Additional Structures
Our rental property insurance coverage extends to external structures such as garages and sheds in order to guarantee that you and your property are protected against all perils. -
Optional Add-Ons
Our landlord insurance policy can be tailored to your specific needs with additional coverage for items like personal property, burglary, vandalism, and more. Request a quote today, and our qualified insurance agent will get in touch to provide you with the peace of mind and financial security you need.
Short Term Rental Landlord Insurance
Airbnb insurance, or vacation rental home insurance, is a special type of rental property insurance tailored to the needs and specifications of properties rented out on a short term basis on platforms like Airbnb and Vrbo.
While this specialized landlord insurance is not obligatory, it is essential in order to protect your vacation home, your belongings, your guests, and yourself against various hazardous situations and avoid unnecessary expenses.
Insurance for short term rentals secures your property, its belongings, additional structures, your Airbnb guests, their guests, and you as a host providing property damage and liability coverage including medical payments. Moreover, the best insurance companies offer covered loss of rent for as long as your property remains unrentable.
Whether you lease your primary residence, an investment apartment, or a cozy cabin, you need to protect your property against the risks not included in a standard homeowner's insurance policy. Request a personalized insurance quote today to make your Airbnb hosting experience hassle-free.
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Landlord Insurance Policy FAQs
What is landlord insurance?
Landlord insurance, also referred to as a rental property insurance, is a type of insurance policy designed especially to protect investors who own and rent out income properties.
It is different from a homeowners insurance which is meant to cover the needs of primary residences rather than properties rented out to tenants and incorporates certain elements of business insurance.
While a landlord insurance is not obligatory in the US market, it provides much needed coverage against various risks, perils, and liabilities associated with running a rental property business.
The best insurance companies protect against property damage or loss, personal item damage or loss, personal injury, legal and medical fees, and personal liability during natural disasters and man-made events.
Landlord insurance, however, does not typically cover tenant's personal belongings. Thus, you should encourage your tenants to purchase separate renters insurance for that purpose.
Landlord insurance policies can vary in coverage and cost, so property owners should choose a policy that aligns with their specific needs and properties.
To get customized coverage options, ask for a quote today.
What does landlord insurance cover?
Typically, landlord insurance can provide dwelling coverage, additional structures coverage, landlord-owned furnishings and appliances protection, liability protection, loss of rent income, and bodily injury to tenants and their guests. This goes beyond the protection provided by homeowners insurance, particularly in terms of rent coverage.
Landlord insurance protects against fires, water, natural disasters such as windstorms and lightnings, riots, civil commotion, vandalism, theft, lawsuits, and other risks.
Rental property insurance does not cover tenants' personal items available at the property.
To get started with an insurance that covers your exact needs and requirements, request a quote today.
How much does landlord insurance cost?
On average, landlord policy usually costs about 25% more than a standard homeowners insurance policy for the same property as it provides additional coverage and premises liability.
What does Airbnb landlord insurance cover?
Similar to a landlord insurance, the best Airbnb insurances provide coverage for the building, personal properties, additional structures, general liability, and lost rental income.
What does Airbnb landlord insurance not cover?
Typically, it doesn't cover normal wear and tear that occurs over time. While it includes accidental damage, it doesn't protect against intentional tenant damage that happens during rental activity while they cover.
Most policies do not offer coverage during vacancy or in case of canceled reservations. Airbnb insurance coverage excludes guests' personal items. Some companies might not protect against loss of rent either, especially in case of changes in the market.
How much does short term rental insurance cost?
In general, it costs more than a homeowners policy due to the increased level of risk associated with short term guests. It also costs more than a landlord insurance obtained for a traditional rental property.
A good estimate of the annual cost ranges between $2,000 and $3,000. Nevertheless, Airbnb hosts need to contact the best providers and discuss their specific home sharing coverage needs to get a custom quote. Getting a policy that covers your specific requirements is an easy way to save money on your Airbnb business and boost your cash flow as well as profit.
How much liability insurance do I need for rental property?
The most important things to consider include the type of your property, the age of your home, the current market value of your rental, the cost of your personal assets available on the property, the potential risks associated with your market and rental, and your personal comfort level with risk.
Ultimately, the right amount of liability coverage for a rental investment property depends on the individual circumstances of each investor and each home and should be customized each and every time.
In this regard, it is important to strike the right balance between the level of protection and coverage you require to ensure your financial security in case of unforeseen events and legal claims, on the one hand, and the cost you can afford as a rental property investor, on the other hand. While it is important to save money when managing a rental property, landlord insurance is one item where you want to be careful and not go too cheap.
To get custom-made landlord insurance quotes for your particular situation, get in touch with us today.