A standard homeowners policy is designed primarily for an owner-occupied residence.

If you move out and rent the property to someone else, notify your insurance agent.

Rental properties may require:

  • Landlord Insurance
  • Dwelling Fire Insurance
  • Commercial Property Insurance
  • Business Owners Policy
  • Commercial General Liability

depending on the property and operation.

Using an owner-occupied homeowners policy for a property that is actually tenant-occupied can create serious underwriting and claim problems.

What Does Landlord Insurance Usually Cover?

Depending on the policy, landlord insurance may include:

Building Coverage

Coverage for the insured structure after a covered loss.

Other Structures

Detached garages, sheds, and other qualifying structures.

Premises Liability

Protection against certain claims involving injuries or property damage for which the landlord becomes legally responsible.

Loss of Rents / Rental Income

May help replace qualifying rental income when tenants cannot occupy the property because of a covered property loss.

Landlord Personal Property

May cover certain property owned by the landlord and used to service the rental premises.

Coverage varies significantly by policy.