Rental Property Insurance
Protect your investment with innovative and customized insurance strategies, so you’re prepared when you need it most. Rental property insurance (often called landlord insurance) is designed for property owners who rent out a home, condo, multi-family unit, or small building. It helps protect the structure, your liability exposure as a landlord, and certain income-related losses after a covered claim—so one incident doesn’t derail your long-term investment.
Below are common coverages rental property owners choose to include. If you need coverage not listed here, don’t hesitate to reach out—we can help you build a policy that fits your property and rental strategy.
Dwelling Coverage (The Building Itself)
This helps cover repair or rebuild costs if your rental property is damaged by a covered loss—such as fire, wind, hail, vandalism, or certain water-related events (coverage depends on the policy). Proper dwelling limits should reflect realistic rebuild costs—not just the market price.
Landlord Liability Protection
If a tenant, guest, or vendor is injured at the property—or claims you’re responsible for damage—liability coverage can help with eligible legal defense, settlements, and covered claims. This is a key protection for owners who don’t want one lawsuit to threaten their assets.
Loss of Rents (Rental Income Protection)
If a covered loss makes the property unlivable, loss of rents coverage can help replace eligible lost rental income while repairs are being completed—helping you stay stable even when the unit can’t generate revenue.
Personal Property (Landlord-Furnished Items)
If you provide appliances, window coverings, or furnish the unit, landlord personal property coverage can help protect those items if they’re damaged or stolen (tenant belongings are usually not covered—tenants typically need renters insurance).
Optional Coverage for Vandalism or Tenant-Related Damage
Rental properties can face higher risk for vandalism or malicious damage. Some policies offer options to strengthen protection based on property type, tenant profile, and vacancy concerns.
Vacancy Coverage (When the Unit Is Empty)
If a property is vacant for a period of time, coverage can change or be limited. We help landlords plan for vacancy periods and avoid gaps—especially during renovations, tenant turnover, or seasonal rental cycles.
Deductibles and Claims Strategy
Rental property insurance should be priced responsibly, but also structured so the deductible is realistic if a claim happens. We help you choose a deductible strategy that fits your cash flow and risk tolerance.
Quick Answers People Search For:
Is rental property insurance the same as homeowners insurance?
Not exactly. Homeowners insurance is generally meant for owner-occupied homes. Rental property insurance is designed for landlord risk—like tenant-related exposure and loss of rental income after a covered claim.
Does landlord insurance cover tenant belongings?
Typically, no. Tenants usually need renters insurance for their personal property and liability. Landlord insurance generally focuses on the building, landlord liability, and landlord-owned items.
Do I need rental property insurance for a condo I rent out?
Often yes. If you rent out a condo, you may need a landlord-style condo policy that aligns with the HOA master policy and protects your unit, liability, and rental income exposure.
At StarNet Insurance Group, we make rental property insurance simple — so you can protect your building, your income, and your long-term investment with confidence.