Landlord Insurance: Protect Your Rental Investment
Every rental property needs proper insurance coverage. Landlord insurance protects your investment against property damage, liability claims, and lost rental income — risks that standard homeowners insurance does not cover. Compare costs, coverage options, and top providers to find the right policy for your portfolio.
$1,516
National Avg. Cost
/year
~25%
vs. Homeowners
more on average
3
Key Coverage Types
dwelling, liability, loss of rent
What Does Landlord Insurance Cover?
Dwelling Protection
Covers the physical structure of your rental property against fire, storms, hail, vandalism, and other covered perils. Typically provides replacement cost coverage to rebuild or repair the property.
Liability Coverage
Protects you against lawsuits if a tenant, guest, or visitor is injured on your property. Covers legal defense costs and settlements, typically up to $1 million or more.
Loss of Rental Income
Reimburses the rental income you lose when a covered event (fire, storm damage, etc.) makes your property uninhabitable during repairs. Keeps your cash flow protected.
Top Landlord Insurance Providers
We have reviewed the leading landlord insurance companies for real estate investors.
Allstate
Best for landlords who want a name-brand Landlord Package Policy and meaningful multi-policy discounts when bundling rentals with personal lines.
Lemonade
Best for tech-forward landlords with 1-4 unit rentals who want app-based quotes, AI claims, and dwelling + liability coverage in 41 states.
Liberty Mutual
Best for landlords who want a large national carrier for dwelling, loss-of-rent, and liability coverage with broad agent and bundling options.
Landlord Insurance by State
Compare average landlord insurance costs, top providers, and coverage requirements for every state.
Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming
Frequently Asked Questions
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