Landlord insurance, explained
Renting out a home? A homeowners policy won't cover it. Here's what landlord insurance protects — including lost rent.
If you rent out a property, your homeowners policy generally won't cover it — insurers treat a tenant-occupied home as a different risk. Landlord insurance (sometimes a dwelling/DP policy) is built for rental properties.
What it covers
- The structure of the rental property against covered perils.
- Liability — if a tenant or visitor is injured and you're held responsible.
- Loss of rental income if a covered loss makes the unit uninhabitable.
- Other structures and landlord-owned contents (appliances, furnishings you provide).
Landlord vs. homeowners
A homeowners policy assumes you live there. Once you rent it out, that policy may deny claims. Landlord insurance prices in the added risk and adds rental-specific protections — most importantly, loss of rental income, which a homeowners policy doesn't provide.
Tips for landlords
Require tenants to carry their own renters insurance (it covers their belongings and their liability), consider higher liability limits or an umbrella, and insure the dwelling for rebuild cost. If you own multiple units, ask about a portfolio policy.
Frequently asked questions
Yes. A standard homeowners policy generally won't cover a property you rent to tenants, and may deny claims. Landlord insurance is designed for rental properties and adds protections like lost rental income.
Homeowners insurance assumes you occupy the home. Landlord insurance covers a tenant-occupied rental — including the structure, your liability as a landlord, and loss of rental income after a covered loss.
Yes — landlord insurance doesn't cover tenants' belongings or their personal liability. Requiring renters insurance protects them and reduces disputes after a loss.
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