What Does Rental Property Insurance Cover? A Complete Guide for Landlords
- Nate Jones, CPCU, ARM, CLCS, AU
- Oct 6
- 2 min read
Owning rental property—whether it's a vacation cabin, a duplex, or a short-term Airbnb—comes with unique risks. That’s why rental property insurance, also known as landlord insurance, is essential for protecting your investment. In this guide, we’ll break down what rental property insurance covers, answer common landlord questions, and explain why Wexford Insurance is your trusted partner for rental property coverage.
What Is Rental Property Insurance?
Rental property insurance is a specialized policy designed for property owners who lease out homes, condos, townhomes, or other dwellings. Unlike homeowners' insurance, which covers owner-occupied residences, landlord insurance protects against tenant-related risks and rental income loss.
What Types of Properties Are Covered?
At Wexford Insurance, we offer coverage for a wide range of rental properties, including:
Long-term rentals
Vacation homes
Cabins
Duplexes, Triplexes, Quadplexes
Condos
Lake houses
Townhomes
Single-family dwellings
Whether you own one unit or a portfolio, we tailor policies to meet your needs.
What Does Rental Property Insurance Typically Cover?
1. Property Damage
Covers damage to the structure caused by:
Fire
Storms
Vandalism
Theft
Burst pipes
Includes coverage for landlord-owned appliances and furnishings.
Protects you if a tenant or visitor is injured on your property. It covers:
Medical expenses
Legal fees
Settlements
3. Loss of Rental Income
If your property becomes uninhabitable due to a covered event (e.g., fire), this coverage reimburses lost rental income during repairs.
4. Optional Add-Ons
Depending on your property type and location, you may want to add:
Flood insurance
Earthquake coverage
Vandalism protection
Equipment breakdown
Why Choose Wexford Insurance?
Wexford Insurance is a leading provider of rental property insurance. We understand the unique challenges landlords face and offer flexible, affordable policies for every property type—from short-term vacation rentals to long-term leases.
We’re more than just an insurance provider—we’re your go-to resource for all things rental property. Whether you need coverage or answers to common landlord questions, contact Wexford Insurance now!
Frequently Asked Questions
Does landlord insurance cover tenant belongings?
No. Tenants should purchase renters' insurance to protect their personal property.
Can I insure multiple rental properties under one policy?
Yes! Wexford Insurance offers bundled policies for landlords with multiple units.
Is landlord insurance more expensive than homeowners' insurance?
Typically, yes—about 25% more—due to the added risks of renting.
What’s the difference between homeowners and landlord insurance?
Homeowners insurance is for owner-occupied homes. Landlord insurance includes protections for rental income, liability, and tenant-related risks.
