Rental property insurance is a type of commercial insurance that helps protect landlords from the many business risks they face. The term doesn’t refer to a particular policy but instead to several kinds of policies that a rental property company might need for rental homes, condos, or apartments.
The landlord liability insurance coverage offered by a commercial insurance company typically includes five primary types of policies:
Whether you need some or all of these policies when finding the perfect landlord insurance for your rental property business, the financial protection they provide can ensure you don’t end up with a large financial burden from a lawsuit or loss. Any landlord liability insurance cost is considered minimal in comparison to just one significant incident, which can threaten the financial stability of a small company.
Rental property insurance covers many types of risks. However, as with all insurance policies, there are certain things it may not cover, such as:
If you have any questions about a rental property or landlord insurance policy, our helpful insurance experts can give you details on the coverages and exclusions of our commercial insurance policies.
What landlord liability insurance does your business need and how much will it cost? The best way to find out is to get a fast, free, self-service commercial insurance quote online. You simply provide some basic information about your business—where you’re located, the size of your company, etc.—in an easy-to-understand process and then we generate a quote.
Of course, if you have questions at any point as you consider your coverage, like, “How much landlord insurance do I need?” or “What’s the best commercial insurance policy for me?”, our licensed insurance experts are happy to answer them.
Where you get your commercial insurance or landlord insurance is very important. You want to work with a company that has the experience and financial resources to properly protect your business.
We’re part of Warren Buffett's Berkshire Hathaway Insurance Group with millions of satisfied customers, more than 75 years of insurance experience, and $38 billion in paid claims in 2020. We also have a 4.9 out of 5 customer review rating. So, when you get your rental property insurance from biBERK, you know we’ll have your back if the unexpected happens.