Protect your property investment with insurance coverage generally designed for rental property owners. Landlord policy offers protection for liability and property, and options may be available for premises liability, medical payments coverages and tenant relocation expense from a covered loss.
Premises Liability
One of the risks landlords face is liability for losses that occur on the rental property. If purchased, liability coverage can help protect you from bodily injury or property damage arising from the use of your rental property. Liability limits of $100,000 or higher are available.
Medical Payments
Medical payments provide coverage for the medical expenses of a person who is injured on or as a result of a condition on the property. This coverage does not apply to you or anyone who is a regular resident on the property.
Property Coverages
Landlord policy can generally provide rental property owners coverage for the rental property, other structures (such as a garage or a shed), and the landlord’s personal property in the rental unit (such as household furnishings and appliances) from covered damage.
Loss of Use Coverage
Loss of use coverage can also protect your income by providing coverage for the fair rental value of the property if it is not fit to live in while your property is being repaired as a result of a covered loss. This is subject to coverage terms and limits.
