• Christian Turnbaugh

What does Landlord Insurance Cover?


This is, basically, a policy meant for anyone renting out a property they own. As Pro X Management in Southeast Kansas explains, it helps protects landlords from risks associated with renting out a property, including loss of rent and property damage.

The following are the protections that a landlord’s insurance coverage can help provide you with.

  • Damage to the structure itself. Structural damage is any damage that affects your home’s core integrity. This may include damage from things like fire, water, and even vandalism.

  • Loss of income. If your tenant breaks their lease early and you end up losing your income, a landlord’s policy may help compensate you.

  • Damage from accidental or sudden events. A good example is a burst water pipe that ends up flooding your home.

  • Excessive property damage. A landlord’s insurance may also help cover for excessive damages that your tenant causes. Examples include damaged or missing door locks or handles or a smashed bathroom mirror.

  • Acts of nature. A typical landlord’s insurance policy may help cover damage resulting from tornadoes, earthquakes, or hurricanes.

So, how much should you expect to pay for it? Well, expect to pay anywhere between $960 and $1,320 every year, according to studies by ValuePenguin.com. How high or low you pay depends on a myriad of factors, including your rental property type and the location.

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