Landlord insurance helps protect property owners from damage to their building, as well as from loss of rent from tenants. In 2015, over 500 billion dollars was paid in rent in the United States. With that amount of money exchanging hands, it’s important to protect the property investment.

Landlord insurance is great for owners who need to protect themselves from damage and/or loss. While accidental and malicious damage are typically covered, so are unexpected events such as floods, fires, storms, and earthquakes.

When choosing between landlord insurance plans, make sure that the policy covers your specific needs. For instance, premiums and item coverage may differ if the property is an apartment building, a single-family home, a duplex, or a condominium. Moreover, carefully consider what needs to be covered. If your tenants are questionable, then fair rental income, malicious mischief, vandalism, and theft protections may be wise investments. Other add-ons can include personal injury, legal fees, replacement costs, and comprehensive property coverage.

Before making a final decision, look at the fine print. Are there any multi-policy discounts available? What is the process for submitting a claim? Are emergency repair services available? If need be, is it easy to cancel the policy?


Top 9 Companies

#1
9.6 / 10
  • Legal fees coverage
  • Umbrella liability
  • National disaster coverage
  • Covers loss of rent
  • Rental business insurance
#2
9.5 / 10
  • Fair rental value coverage
  • Free online quotes
  • Landlord Discounts
  • Convenient Payment Modes
  • 24-hour Claims Support
  • Emergency Repair Service
#3
9.0 / 10
  • Free online quotes
  • Flood insurance
  • Dwelling protection
  • Fair rental income coverage
  • Provides medical security
  • Coverage calculator
#4
8.9 / 10
  • Rental property coverage
  • Liability coverage
  • Multiple structures
  • Covers private structures
  • Coverage for medical payment
#5
8.6 / 10
  • Loss of income coverage
  • Building coverage
  • Comprehensive  general liability
  • Loyalty rewards
#6
8.5 / 10
  • Liability coverage
  • Easy online quotes
  • Loss settlement agreement
  • Actual cash value
  • Extended replacement cost
  • Comprehensive property coverage
#7
8.5 / 10
  • Liability coverage
  • Comprehensive property coverage
  • Agreed loss settlement
  • Landlord protection
#8
8.3 / 10
  • Landlord protection claims
  • Insurance discounts
  • 24/7 claim assistance
  • Convenient payment options
#9
8.2 / 10
  • Online registration
  • Income replacement
  • Multi-product discount
  • Covers personal liability 
  • Multiple property coverage
Don't see the business you are looking for?
Suggest a Business

How We Compare Landlord Insurance

Coverage

25%

Look for a landlord insurance service provider that provides you the widest selection of covered items. Most insurance companies offer optional coverage depending on the client’s area. You should also take a careful look if the policy covers necessary contents or belongings inside the property.

  • Personal Liability
  • Fire
  • Earthquake
  • Flood
  • Malicious Mischief
  • Dwelling Protection
  • Fair Rental Income
  • Comprehensive Property
  • Legal Fees
  • Vandalism
  • Theft
  • Personal Injury
  • Inflation
  • Actual Cash Value
  • Replacement Costs

Structures Covered

15%

Protection and covered items given may vary according to the type of property insured.

  • Condominium
  • Apartment
  • Townhouse
  • Single-family House
  • Duplex
  • Triplex
  • Quadruplex

Benefits

15%

There are a number of additional benefits available depending on the landlord insurance provider selected. This comes on top of the basic coverage and services offered with their insurance policies. This include assistance in settling loss, repair services, medical assistance and claim filing assistance.

  • Claim Assistance
  • Emergency Repair Service
  • Loss Settlement
  • Medical Assistance

Premiums

20%

Premiums are mainly based on the type of property insured. It is also determined by the covered items included in the policy.

  • Monthly Premiums
  • Cost of Insuring House

Discounts

15%

Look for an insurance company that provides a good list of discount options.  Having an existing policy for with a company for example helps you qualify for a multi-policy discount.

  • Multi-policy Discount
  • New Renovation Discount
  • New Customer Discount
  • Group Savings Discount

Customer Support

10%

The true value of your insurance company’s services should not end when you finally sign the contract. Convenience when making claims or simply getting a quote are just some of the things that show how much a company values their clients.

  • Online Quote
  • Online Payment
  • Online Claims
  • Coverage Calculator
  • Telephone
  • Email
  • FAQs