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Writer's pictureNate Jones, CPCU, ARM, CLCS, AU

How to insure your rentals properly

Having a rental property or properties can provide you and your family a nice passive income on a monthly basis. Making sure your rentals are insured properly is an important task is properly managing your rental property business. Rental Property Insurance or also known as Landlords Insurance Coverage is similar to a homeowners policy but has a couple of differences that make insuring your rentals on Rental Property Insurance Policy the best option over the common homeowners form. Key Differences with insuring your rental on a Dwelling Policy:

  • Loss of Rental Income: Under a Rental Property Insurance Policy, Loss of Rental Income will reimburse you for loss of rental income due to a covered loss at the premises that makes the property uninhabitable.

  • Dwelling Coverage: This coverage insures the house/apartment itself from similar perils like a homeowners insurance policy.

  • Coverage for the Landlords Personal Property: Any property that is stored at the rental that is yours. Lawn mowers, AC Unit, etc.

  • Vandalism Endorsement: This added coverage protects the landlord if a tenant causes deliberate damage to the home.

Examples of Rental Properties we currently Insure:

  • Single Family Home Rentals

  • Multifamily Home Rentals

  • Duplex

  • Triplex

  • Quadplex

  • Small Apartment Complex

  • Large Multi-Story Apartment Complex

  • Vacation VBRO Rental Insurance

  • Air BNB Rental Insurance

  • Condo Rentals

  • Hotels

  • Motels


Free Assistance: Wexford Insurance works with top insurance companies to provide you with affordable and quality insurance. We will never sell your information and our services are free of charge. Give us a call today at (317) 910-9295.


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