Landlord Insurance

A: Homeowners insurance is for owner-occupied properties, while landlord insurance (also called dwelling fire or rental property insurance) is specifically designed for properties you rent out. Landlord insurance typically includes dwelling coverage, liability protection, and loss of rental income—features that standard homeowners policies don't provide for rental properties.

A: Landlord insurance costs vary based on property location, value, coverage limits, and property type. On average, landlord insurance costs 15-25% more than standard homeowners insurance. Steadily offers competitive rates with instant online quotes so you can see exact pricing for your property in minutes.

A: Standard landlord insurance covers vandalism and malicious damage by tenants. However, normal wear and tear or accidental damage by tenants typically isn't covered. You can require tenants to have renters insurance to protect their belongings and provide liability coverage for damage they cause.

A: Loss of rental income (also called rent loss or fair rental value coverage) reimburses you for lost rent if your property becomes uninhabitable due to a covered loss like fire or storm damage. This coverage continues until repairs are complete, protecting your cash flow during the repair period.

A: Yes! Steadily offers portfolio coverage for landlords with multiple properties. You can often save money by insuring multiple properties together, and you'll have the convenience of managing all your coverage in one place with simplified billing.

A: Yes, you absolutely need insurance for vacant properties—they're actually at higher risk for damage, vandalism, and theft. Standard homeowners policies often don't cover vacant properties. Steadily offers specific vacant property coverage to protect your investment during tenant turnover or renovations.

A: Yes! Steadily offers specific coverage for short-term rentals including Airbnb, VRBO, and other vacation rentals. This coverage includes protection for higher liability risks and business income loss associated with short-term rental operations.

A: Create your free My Rental Spot account to access landlord insurance through our partnership with Steadily. Once registered, you can get instant online quotes for all your rental properties in minutes. The process is quick, easy, and completely online.