LANDLORD INSURANCE QUOTE

If you own rental property, you have unique business risks and assets that aren’t covered by a homeowner’s insurance policy. Choosing a landlord insurance policy can give you added security in knowing your rental income is safe. 

Get the coverage you need today. Call For A Free Quote @  855-718-1061

CHEAP LANDLORD INSURANCE

landlord insurance quote

What Is Rental Property Insurance?

Rental property insurance is important for both tenants and landlords, but it comes in different policies. Tenants need renters insurance to protect their valuables and belongings. Landlords need Rental Property Protection Plus insurance to protect their properties and what they own inside of them.  
 
For example, as a landlord, if your rental unit is damaged from a storm, rental property insurance can help cover the repair costs. Or if there’s a fire at your rental property and the damages result in a total loss, landlord rental  insurance can help pay for the costs to rebuild the rental unit.

What Does Landlord Insurance Cover?

Our landlord insurance quote policies offer protection for property owners:

  • Dwelling coverage: covers damage to your home plus any structures such as sheds and garages.
  • Property Damage: protects you when there is damage to your personal property due to things like fire, or burglary.
  • Loss of Use (or loss of rental income):
  • Liability protection: If a guest or a tenant is injured on your rental property because of something you’re legally responsible for, this coverage will help cover the costs.

Who Sells Landlord Insurance

What kind of rental property do you own? You might have several multi-unit complexes. Maybe you restored a vintage fourplex in a historic district — or rent out a single-family house you inherited from an aunt.

Whatever your portfolio looks like, BizInsurancePro understands that residential real estate investments can come with unique challenges — to both your properties and your financial stability. Landlords can select personalized coverage and get the insurance they want.

If you’re gathering quotes from several companies, make sure you choose the same coverage types, limits and deductibles for an accurate comparison for your landlord insurance quote.

 

Get the coverage you need today. Call For A Free Quote @  855-718-1061

How Much Does Landlord Insurance Cost?

The cost of landlord insurance, also called rental property insurance, can vary quite a bit based on a number of factors. You may see rates as low as $500 per year for a small rental unit, or even several thousands of dollars per year for a larger unit with a whole list of amenities. 

Here are some of the factors that will affect your premium costs.

  • Geographic location
  • Size of structure 
  • Number of rental units
  • Building age and condition
  • Safety precautions
  • Swimming pool
  • Amount of coverage

Your best bet for the landlord rental insurance policy you need is a local independent agent in our network. These agents can compare prices for you, explain the insurance coverage options available, and look for landlord insurance discounts you may qualify for to make your coverage affordable.

Landlord Insurance, Is It Required?

Short answer: No. Property owners are not required to have a landlord insurance quote policy to rent out their property. Though landlord insurance is not mandatory, we recommend that property owners seriously consider purchasing a policy in order to cover damages that come up from being a rental property owner.

Homeowners Insurance for Rental Properties

As a landlord, you want to make sure your properties are well-protected. That’s why we offer comprehensive landlord insurance. Our policies offer dwelling coverage to protect your rental unit and structures directly attached to it. This includes flooring, walls and the roof. Policies from us also provide fair rental value coverage. This helps cover the rental value for each portion of your property you rent out if it’s damaged in a covered loss like a fire.
 
Additional coverages you can add to your policy are:
 
  • Other structures coverage to help cover buildings on your property that aren’t attached to your house, such as garages or sheds.
  • Personal property coverage which helps cover your personal belongings inside your buildings like appliances and furniture provided in your units.
  • Medical payments coverage for help paying medical costs for any injury that occurs on your property.
  • Premises liability coverage to help cover you if someone who isn’t a resident gets injured on your property or if you’re found responsible for property damage.

Landlord Insurance vs Homeowners Insurance

Insurance policies designed specifically for landlords provide added protection for financial loss and obligations associated with your rental properties.

While some landlords assume they can rely on their standard homeowners insurance to cover their rental units, homeowners coverage it usually not sufficient to protect an investment property.

Homeowners insurance covers owner-occupied homes while landlord insurance quote covers liability and damages connected to tenant-occupied homes.

Regulating Agency and References

Insurance Information Institute (III)

This organization’s mission is to improve public understanding of insurance – what it is and how it works.
Visit us at https://www.iii.org.

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