What is Landlord Insurance?
Landlord Insurance, also known as rental property insurance, protects the owner of one or more rental properties from the financial risks associated with property damage and tenant risks.
How much does landlord insurance cost?
Landlord insurance is typically billed as an annual premium, which the rental property owner can pay either directly to the insurer or through mortgage servicer escrow. Premiums vary based on the following:
- Condition of the property to be insured
- Replacement cost of the property to be insured
- Deductible elected by the insured (i.e. $1,000, $2,500, $5,000) -- the higher the deductible, the lower the annual premium
We recommend shopping multiple carriers for landlord insurance. An easy way to shop landlord insurance is using our preferred landlord insurance provider, Steadily.