Rental property insurance—often called landlord insurance—helps protect property owners from financial losses related to property damage, liability claims, and lost rental income. If you rent out a home, standard homeowners insurance usually isn’t enough. This coverage is designed specifically to protect your investment when tenants are involved.
Homeowners insurance is meant for homes you live in yourself. Rental property insurance is built for properties occupied by tenants and typically includes landlord-specific protections, such as liability coverage for tenant-related incidents and coverage for lost rental income after a covered claim.
Great question—and yes, we can help with that. Whether you own one rental or an entire portfolio, we work with carriers that can insure multiple properties efficiently. This often means simpler management, consistent coverage, and potential cost savings, all under one coordinated strategy.
A standard rental property policy can include:
Dwelling coverage – Helps repair or rebuild the structure after covered events like fire, storms, or vandalism
Liability coverage – Protects you if a tenant or guest is injured on the property
Loss of rental income – Helps replace lost rent if the property becomes unlivable due to a covered claim
Landlord-owned property coverage – Covers items like appliances, fixtures, or maintenance equipment you provide
Coverage can be customized based on how your property is used.
Yes. We work with carriers that offer coverage specifically designed for short-term and vacation rentals, including properties listed on platforms like Airbnb or VRBO. We’ll help make sure your policy matches how often the property is rented and how it’s used.
Vacancy matters. Most rental property policies only provide full coverage when a property is actively rented or vacant for a short period, usually 30–60 days. If your property will be vacant longer, vacant property insurance may be required. We’ll help you adjust coverage so there are no gaps while the property is unoccupied.
Elite Risk Advisors offers flexible coverage options designed to protect landlords, rental properties, and rental income.
Designed specifically for rental property owners, landlord insurance helps protect against property damage, liability claims, and loss of rental income when covered events occur.
If a covered loss makes your rental property unlivable, this coverage helps reimburse lost rent while repairs are being made, so your income doesn’t stop when your property can’t be occupied.
Provides protection if a tenant or visitor is injured on your property and you are held legally responsible. This coverage can help pay for medical expenses, legal defense costs, and settlements.
Covers the physical structure of your rental property, including repairs or rebuilding after covered events such as fire, storms, vandalism, or other insured risks.
Some policies may offer coverage for accidental damage caused by tenants. Intentional damage, neglect, or normal wear and tear are typically excluded. We’ll help you understand exactly what is and isn’t covered.
Most landlord policies limit or reduce coverage if a property is vacant for an extended period—typically 30 to 60 days. If your rental will be unoccupied longer, additional vacancy coverage may be needed to avoid gaps.
Named Perils policies cover only the specific risks listed in the policy.
All-Risk (Open Perils) policies cover all causes of loss unless specifically excluded.
We’ll help you choose the option that best fits your risk tolerance and budget.
Replacement Cost coverage pays to repair or replace damaged property with new materials of similar kind and quality.
Actual Cash Value (ACV) factors in depreciation, which can reduce claim payouts.
In some cases, rent guarantee coverage may help protect against unpaid rent due to tenant default or eviction, depending on carrier eligibility and underwriting requirements.
Getting started is easy. Whether you’d like to stop by for a friendly, face-to-face conversation or prefer to request your quote online from the comfort of home, we’re here to make the process simple. Tell us what you need, and our team will guide you from start to finish.
Once we gather your information, we’ll provide personalized rental property insurance quotes tailored to your needs. We’ll walk you through how each option compares to your current coverage so you understand exactly what you’re getting. Whether you're hoping for better protection, lower rates, or both, our team is here to help you find the policy that fits just right.
When you’re ready to make the switch, just say the word. We’ll take care of everything—from setting up your new rental property insurance policy and notifying any lienholders or required parties on your behalf. All you have to do is sit back, relax, and enjoy the confidence (and savings) that come with better coverage.
