Landlord Liability Insurance

Being a landlord comes with well-known risks. From maintaining the property to managing tenants, landlords are exposed to potential lawsuits on a daily basis. Landlord liability coverage can help cover you for many of those risks.

Do you need landlord liability insurance?

Keep in mind that your homeowners insurance policy likely won't cover a home that you rent out. Landlord insurance typically provides coverage for the structure of the home, and also includes liability coverage that may help prevent you from paying out of pocket if you are found at fault in certain situations.

If you have a mortgage on the home you're renting to tenants, your lender requires you to have landlord insurance.

What does landlord insurance help cover?

Landlord liability coverage kicks in to help pay medical expenses for injured tenants, or legal defense and court judgments made against you for other damages, up to the limits stated in your policy. Coverage may include:

  • Tenant injuries due to a loose handrail or exposed sprinkler head causing a tenant to fall and become injured. If you’re found negligent in maintaining the property, or failed to warn the tenant of a potential safety risk, landlord liability can cover you.
  • Proper security for your tenants in terms of lighting and parking safety.
  • Unlawful behavior by tenants that you fail to take measures against could land you in trouble with the neighbors.
  • Liability to cover you against claims of accidental damage in relation to your investment property.
  • Fair Rental Value Coverage to cover lost income due to your property ever being declared unlivable due to a covered loss.
  • Inflation Protection which automatically adjusts your policy limits to keep pace with inflation, including premium discounts.
  • Personal Injury Protection should a tenant claim injuries arising out of libel, slander, invasion of privacy, wrongful eviction or wrongful entry.
  • Lock replacement to cover the costs of replacing locks and keys.

We're here to help

Our first priority is protecting you and your investment. Please remember that you are always welcome to contact us if you are interested in landlord liability insurance or if you have any questions or concerns about what is or is not covered under your current insurance policy.