Landlord Insurance
What is landlord insurance?
If you rent out your property, whether through long-term leases or short-term platforms, having the right insurance coverage is essential for your peace of mind.
Types of tenancies
Long-term Rentals: Typically involve annual leases.
Short-term Rentals: Properties rented for less than a year, often listed on platforms such as Airbnb, VRBO, or HomeAway.
Vacation Rentals: Properties you use part-time and rent out short-term, often through platforms like Airbnb, VRBO, or HomeAway.
Let us know the type of rental you’re offering so we can customize coverage to fit your needs.
What is typically covered?
Landlord insurance typically covers:
The structure of your home and any other buildings on your property.
Personal property you provide, such as appliances (if you're renting the property furnished, please inform us for adequate coverage).
Loss of rental income if a covered loss forces your tenants to vacate while repairs are made.
Liability coverage in case someone is injured on the property.
Most landlord insurance policies protect against damage from various perils, including:
Fire and lightning
Wind
Smoke
Explosions
Aircraft or vehicle damage
Theft and vandalism
Falling objects
What might not be covered?
Common exclusions from landlord policies include:
Wear and tear or maintenance issues.
Owner occupancy in some instances, as the policy is intended for tenant-occupied properties.
Earthquake and flood damage, which require separate policies.
Additionally, tenants' personal belongings are not covered under your landlord insurance. It's advisable for tenants to obtain their own renters insurance.