Rental Property Insurance for Property Owners: Invest with Confidence

This coverage protects the physical structure of your rental property including walls, roof and built in fixtures against damage from events like fires and storms.

Legal liability coverage is crucial for landlords, providing protection in cases where they are held legally responsible for injuries or property damage stemming from their ownership of the rental property.

This coverage is crucial for landlords as it compensates for lost income if a rental property becomes uninhabitable due to a covered loss, like fire. It ensures the landlord continues to receive rental income while the property is being repaired for a specific limit and time period. It is relatively inexpensive coverage for the coverage it provides.

Sewer backup coverage is essential for landlords, as it covers damage to the rental property caused by the backup of sewers, drains, or sump pump failure.

Replacement cost coverage ensures that in the event of a loss, the insurance will cover the cost of rebuilding or replacing the rental property up to the specified limit, without factoring in depreciation. It is not available for every property, especially older properties without updates.

Claim protector coverage is designed to safeguard landlords against the increased cost of their insurance following a claim. It helps to stabilize the insurance rates, ensuring that one claim won’t significantly hike up the premiums. This coverage is not typically offered on commercial policies.

Service line coverage helps landlords with the cost of repairing or replacing damaged underground pipes and wiring that provide services (like water or drains) to the rental property. This coverage is not offered on most commercial policies.

This coverage protects the rental property from damage due to ground water accumulation or heavy rain. Its availability is dependent on the location as well as the policy type. Overland water is not currently offered on commercial policies.