Do I have the right insurance as a landlord?

Homeowners insurance vs. landlord insurance

If you own rental property, you have different business risks and assets that aren’t covered by a homeowner’s insurance policy.

On top of the structure, a landlord protection policy provides the following coverages:

• Loss of rents–while your property is being repaired or rebuilt after a covered loss, your policy will pay for your loss of rents.

• Liability–landlord liability is different from your own personal liability. If a covered loss or injury occurs at the property, you'll want legal fees and medical expenses covered.

• Personal property–this coverage is typically high on a homeowner’s policy. On a rental property, you only need to cover the amount of furniture you're providing. Your tenants should purchase a separate renter’s insurance policy to cover their own personal belongings.

Whether you own one rental home or have multiple investment properties, we can get set up with a landlord protection policy (also known as dwelling fire insurance) so that you can rent out your property in confidence.

Do I need landlord protection insurance?

If you rent out your house, then most likely yes. Think of your property as a business and the dwelling policy as a necessary investment to keep your business running smoothly.