Rental dwelling insurance to protect you and your family.

Don’t be fooled, just because your tenant has rental insurance doesn’t mean that you—the owner—are protected. Rental dwelling insurance is specially designed to cover the risks faced when you rent your property to others.

The policy every property owner needs when renting.

Rental dwelling insurance is a specialty home insurance policy for the property owner rather than the tenant. It’s similar to a homeowners policy but is designed to account for the differing risks that you face when you rent a property rather than live in it yourself.

What does rental dwelling insurance cover?

In addition to the damage to the building itself and your personal property (such as included furniture), a rental dwelling policy often covers lost income if property damaged means you can’t rent it out for a period. The policy will also often include coverage for liability you might face if a tenant sues over injury suffered in the property.

Covers the risks involved with renting out a property.

Other covered risks can include any costs you have to pay to move a tenant in or out of the property during repairs and any compensation you have to pay to a tenant if damage puts heating or air conditioning out of action.

What’s not covered by a rental dwelling policy.

One point to watch is the fact that policies usually don’t cover loss of income if a tenant fails to make rent payments or the costs of evicting a tenant if necessary.

If you’ve got any questions on rental dwelling insurance contact us today.

The above description provides a brief overview of the terms and phrases used within the insurance industry. These definitions are not applicable in all states or for all insurance and financial products. This is not an insurance contract. Other terms, conditions and exclusions apply. Please read your official policy for full details about coverages. These definitions do not alter or modify the terms of any insurance contract. If there is any conflict between these definitions and the provisions of the applicable insurance policy, the terms of the policy control.

Get Started Today

As an independent agency, we are here to help you find the right Rental Dwelling Insurance coverage.