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Home » What Does Landlord Insurance Cover?
August 17, 2023

What Does Landlord Insurance Cover?

As a landlord, it’s essential to have insurance coverage to protect your rental property and financial investment. Landlord insurance, also known as rental property insurance, is designed to safeguard those who rent out their residential or commercial properties to tenants. It helps provide financial protection against various risks and liabilities from owning and renting a property. Without adequate insurance, a landlord or property owner would have to pay for costly claims out of pocket. 

What Coverage Is Included in a Landlord Insurance Policy? 

The following are some common coverages typically included in a landlord insurance policy:  

  • Property damage coverage may help protect the physical structure of the rental property itself, including the building and any permanent fixtures (e.g., walls, floors, ceilings) from damage caused by events like fire, storms or other covered perils. 

  • Liability coverage may protect landlords from legal and financial consequences if someone is injured on the rental property and holds the landlord responsible. It may help cover legal fees, medical expenses and court-awarded damages. 

  • Loss of rental income may help compensate the landlord for lost rental income if the property becomes uninhabitable due to a covered event (e.g., fire, flood or other damages), and the landlord cannot collect rent from tenants during the repair or rebuilding period. 

  • Contents insurance is optional coverage for any personal belongings the landlord owns left on the property for tenant use, such as furniture or appliances. 

You may also want to consider building code coverage, unoccupied dwelling endorsement, and heating or air conditioning loss reimbursement. 

Does Homeowners Insurance Cover You If You Rent Out Your Home? 

A standard homeowner’s insurance is typically insufficient for rental properties, so obtaining landlord insurance is recommended. It’s crucial to carefully review any insurance policy’s terms, coverage limits and exclusions to ensure it meets your needs. a sign above a flower garden

How Much Does Landlord Insurance Cost in Texas? 

Some of the factors that influence the cost of landlord insurance include the following: 

  • Location of the property 

  • Type of property 

  • Property value and replacement cost 

  • Security and safety measures 

  • Claims history


Contact Lone Star Insurance Agency today to get an accurate idea of how much landlord insurance would cost for your property in Texas. Our experienced team can make coverage recommendations based on your situation. 


This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information. 


Tags: commercial, coverage, damage, insurance, landlord, property

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