Rental Home Insurance Coverage

Landlords who want to keep their premiums low can choose minimal coverage to protect their property from major causes of loss, such as fire, wind or explosion, with a named peril policy. A named peril policy actually names the types of losses that will be covered in the rental home insurance policy.

For landlords who want the broadest coverage available, a comprehensive landlord insurance policy is the answer. A comprehensive policy covers all types of accidental losses, except those that are specifically excluded in your policy.

We can also include optional coverage such as theft, vandalism, liability, loss of rental income, and the loss settlement options to meet your needs, including Actual Cash Value or Replacement Cost. An Actual Cash Value (a less expensive premium) settlement pays only for the current value of the property, which is the cost of replacement minus depreciation based on age and wear, up to the limit in the policy. Replacement Cost settlement pays the amount needed to replace the property, without deduction for depreciation, with new property of like kind and quality, subject to any applicable deductibles and coverage limits.

By choosing to have a higher deductible, you can also save significantly on your premium.

Not sure which policy is right for you? Click here to review our coverage matrix which details the dwelling insurance options available to you.

You tell us…if you want the best coverage, or more basic coverage. We will discuss the options with you and find the plan that best meets your needs.