Why do I need landlord protection insurance?
As a landlord, you want insurance that’s tailored specifically to protect your residential rental property. You do your best to choose good tenants and the same goes for your insurance.
What's typically covered?
- The home and other structures on the lot
- Personal property on the premises that you provide (i.e. stove, refrigerator, washer/dryer)
- Loss of rents
- Premises liability
- Personal injury–included under the liability coverage on most policies we offer. The coverage protects you against wrongful eviction and wrongful entry claims (please note these claims are investigated on a case-by-case basis).
What are you covered against?
Each policy is different, but a standard dwelling fire policy (also known as a DP3) will generally cover your property against:
- Fire or lightning
- Riots or civil commotions
- Falling objects
If the property is vacant, these coverages may not be available.
What isn't covered?
A standard dwelling fire policy won't cover damages caused by earthquakes or floods (those need a separate policy).
There may also be exclusions for water damage, vermin, mold or fungus, and wear and tear.