Rental Property Insurance

Rental Property Insurance by Browne Insurance Services

Rental Property Insurance

Rental Property Insurance provided by Browne Insurance Services .

What kind of rental property do you own? You might have several multi-unit complexes. Maybe you restored a vintage fourplex in a historic district — or rent out a single-family house you inherited.

Whatever your portfolio looks like, we understand that residential real estate investments can come with unique challenges — to both your properties and your financial stability. Connect with us to select personalized coverage and get the insurance you should have for your property.

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Physical structure Coverage

Risk Factors

If a storm damages an apartment building’s roof, the owner can file a claim against his or her physical structure coverage


This type of coverage protects the building’s structure, like its foundation, roof and walls. It also covers detached structures on the property, like garages and maintenance buildings.

Liability coverage

Risk Factors

You may need to pay medical expenses and legal costs when a tenant, customer of a tenant or guest at a residential property sustains an injury.


Typically, this type of coverage doesn’t cover everyday misfortunes of tenants, such as a tenant slipping and falling in his kitchen. But if a leaky roof causes a guest to slip and fall in a common area such as a lobby, liability coverage can pay medical costs and legal bills.

Air Conditioning / Heating Loss Reimbursement Coverage

Risk Factors
The loss of basic services may cause landlord to cut down the rental income from his tenant and suffer a loss.
In some locations, local laws require landlords to reduce a tenant’s rent if the building suffers a loss of basic services such as heating and air conditioning. This type of endorsement can reimburse the landlord for some of the lost rental income.

Note:  Please talk to your financial consultant to check all the facts before proceeding

Equipment breakdown coverage

Risk Factors

Landlords can face big repair and replacement cost bills if a power surge damages a building electrical system resulting in damage of a grass cutting machine or a heating boiler exploding.


Equipment breakdown coverage can help a landlord repair or replace damaged equipment.

Fair rental value coverage Coverage

Risk Factors

While tenants move out of the office building due to the tornado damage, the landlord needs to pay for its repairs.


This type of coverage can help pay for lost rental income if a building becomes uninhabitable due to a covered loss. For instance, if tenants must move out of an office building to repair tornado damage, fair rental value coverage can reimburse the landlord for a portion of the lost rental income.

Ordinance of law coverage

Risk Factors

Oftentimes, older rental properties don’t meet current building codes.


If a property sustains a covered structural loss, ordinance of law coverage can help cover the additional cost of reconstructing the building to meet current codes.

Personal property coverage

Risk Factors

Standard rental property insurance doesn’t cover theft of or damage to items such as lawn equipment and office equipment used in the management of a rental property.


However, by adding a personal property endorsement, the landlord can protect all types of personal items. This type of endorsement can also cover appliances included in rental units.

Tenant move-back expense coverage

Risk Factors

Following a covered structural loss, tenants may need to temporarily relocate during reconstruction.


Tenant move-back expense coverage can help pay the cost of moving tenants back into a rental property after construction is complete.

What is Rental Property insurance ?

Rental property insurance, also called landlord insurance, covers the unique risks taken in renting out your home or condo for long periods of time. Its coverage includes property damage, liability costs and loss of rental income for landlords renting their property. Whether you are renting your house, a vacation home or an investment property, rental property insurance is an important safeguard against the financial risk associated with tenants living on your property.

Types of coverages under Rental Property Insurance ?

Rental Property Protection

The property protection in a landlord insurance policy typically helps cover physical property related to the home you’re renting out. This may include the dwelling itself and equipment you keep on-site to help maintain it. Coverage generally includes:

  • Dwelling
    This coverage helps pay to repair your rented home, condo or apartment if it’s damaged by fire, lightning, wind, hail or other covered losses.
  • Other structures
    This part of your policy helps pay to repair detached structures on your rental property, such as a detached garage or fence if they’re damaged by a covered loss.
  • Personal property used to service the rental
    If you leave a lawnmower or snow blower onsite to maintain your rental property, landlord insurance may help cover this equipment if it’s damaged. However, if you leave your personal bike or DVD player at the home you rent out, it likely won’t be covered under your landlord policy.

All of the above types of coverage are subject to the deductibles and limits stated in your specific Rental Property policy. Your deductible is the amount you’ll pay for a covered loss before your landlord insurance kicks in.

Liability Protection

The liability portion of a Rental Property insurance policy may help you pay for another person’s medical bills or your legal expenses if someone else is injured on your rental property and you’re found responsible.

Extra Rental Property coverages to consider

Depending on the neighborhood, geographic area or condition of your rental, you may want to consider adding on some optional coverages to your landlord policy. These coverages may include:

  1. Vandalism
  2. Burglary
  3. Rental property under construction
  4. Building codes

Why is Rental Property Insurance important ?

The basic type of insurance is the one taken by home owners that is taken for private residences and which ensures to back them up against a specific set of damages like fire, floods, earthquakes, theft etc.

If you are a landlord, rental property insurance is what you’d opt for. It ensures to cover damages or losses that may arise due to negligence by the tenants. It helps in paying for the repair of damaged items like furniture, carpets and other parts or items in a home that may be damaged by the tenant. The terms of the policy may vary depending on the type of structure and the needs of the policy holder.

If you’ve got any questions on rental property insurance or want to compare the best policies, contact us today !

Already Have Rental Property Insurance? Switching is easy

It might be time to switch insurers whenever the service that your existing insurer provides doesn’t meet your needs. For example, if you have a poor claims experience or an unexplained rate increase, it might be time to consider other options

If you cancel a previous policy before a new policy is effective, you could run into some serious financial problems.

Contact us today to help you with multiple options to choose from.

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