Landlord Insurance

Landlords can select personalized coverage and get the insurance they want.

What kind of rental property do you own? You might have several multi-unit complexes. Maybe you restored a vintage fourplex in a historic district — or rent out a single-family house you inherited from an aunt.

Whatever your portfolio looks like, Farmers understands that residential real estate investments can come with unique challenges — to both your properties and your financial stability. Landlords can select personalized coverage and get the insurance they want.

What Landlord or Rental Property Insurance Covers Coverage for your rental property
A Farmers® agent can help as you analyze your property and the coverage you want. Here are some situations you might encounter:  

A storm damages your rental property

Risk:
Your tenant calls to say there’s vinyl siding strewn across the front yard — you’re not surprised since a thunder storm kept you awake most of the night.

Coverage:
Comprehensive property coverage can help with damage if a storm or other weather event is covered by your policy.

A pipe bursts
Risk:
A pipe in an upstairs bathroom suddenly bursts, saturating the ceiling below. You arrive to help clean up the mess, but the damage is already done.

Coverage:
Named-peril coverage can help with coverage for specific perils that you choose, including water from bursting pipes.

Your tenant is injured
Risk:
Your tenant trips over a garden hose you’re using to water the flowerbeds. He lands palms-down on the ground — and breaks his wrist.

Coverage:
Optional landlord liability coverage can help with hospital bills and lost wages if you’re legally responsible for his injury.

Optional Coverage
You might want to customize your policy with optional coverage — here are some options:

Loss of rents
Loss of rents coverage can help with the loss of rental income if the property becomes uninhabitable by a covered event like a fire or storm.

Personal property
Personal property coverage can help protect if personal belongings you store on the premises are damaged or stolen.

Personal injury
Personal injury coverage can help if you’re sued for wrongful eviction.

Other structures
Other structures coverage can help with structures that aren’t physically connected to the residence — including garages, sheds, swimming pools and driveways.