What Is Rental Property Insurance and What Does It Cover?

If you own a property that you rent to tenants, standard homeowners insurance may not be the right fit. Rental property insurance, often called landlord insurance, is designed for a different type of risk.

If you are reviewing protection for an investment property, visit our rental property insurance page for more guidance.

What rental property insurance is designed to cover

• The dwelling itself
• Certain landlord liability exposures
• Potential loss of rental income after a covered loss, depending on the policy

Why homeowners insurance is different

Owner-occupied homeowners insurance is built for a primary residence, not a tenant-occupied property. If you are comparing the two, read landlord insurance vs. homeowners insurance.

Final Thoughts

If you rent out property, it is worth making sure your insurance matches how the property is actually being used.