Get a Landlord Insurance Quote TODAY!

Landlord insurance is not required by law, but most lenders will require it if you're financing the property or have a mortgage on it. Remember, your homeowners insurance policy likely will not cover the home you're renting out. That means any damage to the home, the belongings inside you own, or lawsuits against you will not be covered unless you get landlord insurance. 

Most insurers will protect the landlord against loss of rent in the event of a covered loss. For example: There's a small fire, your tenants can't stay there, and don't pay rent. However, you won't have coverage if your tenant can't pay the rent because of a job loss or financial problem.

It depends on the situation. Things that are sudden and accidental may be covered, as well as  vandalism such as spray painted pictures, unpleasantries or graffiti on the wall. To avoid these types of situations, landlords generally require a security deposit to pay for damages by a tenant.

Insurers usually don't cover eviction costs. However, eviction insurance can be purchased separately from other companies.

No. It's a common misconception that a tenant's personal belongings will be covered by the landlord's insurance. The tenant needs a renters insurance policy to protect whatever stuff they bring with them. That's why some landlords mandate or strongly encourage their tenants to get renters insurance. The last thing you want is your tenant mad at you because they didn't know their belongings weren't protected under your policy. In addition, your tennant's renters insurance offers them liability protection in case you must take them to court for damages to your home they're liable for. 

When you’re a landlord, it’s your responsibility to maintain and repair your property. For instance, if you have a leaky sink that causes damage over time, your landlord policy likely won’t cover it. However, if an appliance is damaged in a kitchen fire, your policy may cover the cost to repair or replace it.