Landlord Insurance
Protect the Property You Lease Out
Landlord Insurance That Keeps Your Investment Secure
Owning rental property is a smart long-term investment, but it also comes with risks. From property damage and tenant-related issues to liability claims and income loss, there’s a lot to manage. Landlord insurance gives you targeted protection for the physical property, the income it generates, and the legal responsibilities that come with leasing it out.
Standard homeowners insurance typically does not cover rental scenarios. If you’re renting out a single-family home, apartment, condo, or multi-unit building, landlord insurance is the solution designed to safeguard your business and your bottom line.
What Makes Landlord Insurance Different from Homeowners Insurance?
Coverage That Fits the Risk Profile of Rental Properties
It’s a common misconception that homeowners insurance is enough to cover a rental home. But when you’re not the one living there, risks change, and so should your coverage. Here’s how landlord insurance stands apart:
Tenant-Related Liability
When someone is injured on your rental property, whether it’s a tenant, visitor, or service worker, you could be held legally responsible. Landlord insurance provides liability coverage to help with legal defence fees, medical expenses, and settlements if you’re found liable. Without this protection, even a small claim could become a major financial setback.
Income Loss Coverage
If your rental becomes uninhabitable due to a covered event, such as a fire or severe storm, income loss coverage helps reimburse the rent you would have earned during the repair period. This feature ensures that you can continue to meet mortgage payments, property taxes, and other obligations even when tenants are unable to occupy the space. It’s essential for landlords who depend on rental income as part of their financial plan.
Wear and Tear Considerations
Rental properties experience more frequent turnover and use than owner-occupied homes. Landlord insurance is designed with this in mind, often offering coverage options or endorsements that account for the increased risk of maintenance issues, damage between tenants, or property misuse.
Without proper landlord insurance, claims could be denied, leaving you financially responsible for damage or lawsuits.
What's Included in a Landlord Insurance
Know What Risks You’re Insured Against
Landlord insurance typically covers many of the same perils as homeowners insurance, with some important distinctions tailored for rented properties:
🔥 When Fire Disrupts Your Rental
Fires are unpredictable and often devastating. Whether caused by a faulty appliance or electrical issue, fire damage coverage helps repair or rebuild the rental structure, replace damaged fixtures, and cover necessary cleanup expenses. Even smoke damage is typically included.
💨 Storms That Leave a Mark
High winds and hail can crack windows, rip off shingles, or dent siding. A landlord policy typically covers the cost of restoring the property after sudden weather-related damage, helping you get back to renting without delay.
⚡ Power Surges with a Price
Lightning strikes don’t just cause fires; they can destroy your electrical systems and appliances. Landlord insurance often includes coverage for direct lightning damage and secondary issues, such as electrical surges or scorched outlets.
💧 Leaks That Lead to Losses
Sudden plumbing failures, such as a burst pipe or an overflowing water heater, can cause extensive damage to walls, flooring, and rental interiors. While flooding from outside sources is not typically covered, most landlord policies do cover accidental water damage from internal systems.
🚪 Break-Ins and Malicious Mischief
Unoccupied units are vulnerable to vandalism and theft. If someone damages your property or steals items left behind, your policy can help cover the costs of repairs or replacements. Coverage may vary, especially for incidents caused by tenants, so optional add-ons can enhance your protection.
🪧 Damage from Unrest or Disturbance
Civil disturbances or protests can sometimes lead to property damage. If your building is affected by riots or similar events, landlord insurance typically includes coverage to restore damaged areas and ensure the property is rentable again.
Important Exclusions to Understand
What May Not Be Covered by Default
Every landlord policy has limitations. These are the common exclusions that typically require separate coverage:
- Flooding: Not included in standard policies. Requires separate flood insurance.
- Earthquake Damage: Generally excluded unless added as a rider.
- Tenant’s Personal Belongings: Renters are responsible for their own insurance.
- Wear and Tear or Maintenance Issues: Damage due to neglect or regular use is not covered.
- Intentional Acts by the Landlord: Damage caused deliberately by the property owner is excluded.
Understanding exclusions helps you assess what extra protection you might need and avoid surprises during the claims process.
Built for All Kinds of Landlords
No two landlords are the same, and your insurance shouldn’t be either. Whether you’re just getting started or running a growing rental business, we help match the right coverage to your needs.
First-Time Landlords Needing Guidance
Leasing out a property for the first time? We help you navigate what coverage you need, what’s required by lenders or lease agreements, and how to protect yourself from risks you may not have considered yet.
Long-Term Investors with Multiple Properties
Managing several rentals means managing multiple layers of risk. We assist experienced landlords in streamlining their coverage, whether across multiple locations or various property types, to keep things efficient and cost-effective.
Vacation or Short-Term Rental Hosts
Whether you're listing on platforms like Airbnb or running your own booking system, short-term rentals come with unique coverage needs. We connect you with insurance that accounts for high turnover, guest-related damages, and potential income loss.
Owners of Single-Family, Duplexes, or Multi-Unit Buildings
From one-unit homes to multi-family investments, your policy should reflect the layout and scale of your rental. We help ensure you’re covered from structure to liability, no matter how many tenants live under your roof.
Why Property Owners Work With Us
Your Link to Reliable Coverage
We help property owners find landlord insurance options that match their property size, location, tenant profile, and risk tolerance. Whether you manage a handful of rental homes or oversee a growing portfolio, we simplify the process of choosing the right policy.
Our approach is simple: we learn about your rental setup and help you compare policies that match your needs, then connect you with the provider that best fits your needs.