Landlord Insurance: Coverage For Rental Properties
Do you rent out residential property you own? Maybe it’s an investment, or maybe it’s a core source of income. Either way, you should consider protecting your property and your interests as a landlord.
The following are eligible for Landlord / Rental Property coverage:
Types of coverages and settlement options:
Comprehensive Property Coverage
We cover most direct, sudden, and accidental physical losses that aren’t specifically excluded in your policy.
Named Peril Coverage
This provides coverage if you’re found legally responsible for an accident that causes injury to someone on the rental premises.
Optional Replacement Cost
Purchase Optional Replacement Cost coverage and receive a settlement that reflects the cost to replace the damaged property with new property of comparable material and quality, without any deduction for depreciation.
In the event of a partial loss by an insured peril, this covers the cost to replace or repair your damaged property, with a deduction for depreciation, minus any applicable deductible.
Optional Extended Replacement Cost
In the event of a total loss by a covered peril, this option provides up to an additional 25% of your coverage amount to replace your home.
Optional coverage to protect landlords
- Other Structures coverage
- Personal Property coverage
- Loss of Rents
- Landlord Personal Injury