Landlord Insurance

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Landlord insurance coverage is essential for protecting the rental properties you own, offering safeguards for the structure, liability, and sometimes loss of rental income. This type of insurance is specifically designed for property owners who rent out homes or apartments, shielding you from risks that standard homeowner’s insurance may not cover. The Carranza Risk Management team is here to assist you in insuring your rental properties, ensuring you have the right protection for rental properties to safeguard your investment.

Dwelling Coverage

This aspect of landlord insurance coverage protects the physical structure of the rental property — including the roof, walls, plumbing, electrical systems, and permanently attached fixtures — against covered perils like fire, wind, and vandalism.

Other Structures

This coverage protects detached structures on the property, such as garages, storage sheds, and fences.

Landlord’s Personal Property

This coverage includes items you own and use to maintain the rental, such as appliances, lawn equipment, or tools stored on-site. (Please note that it does not cover your tenant’s belongings.)

Loss of Rental Income (Fair Rental Value)

This feature reimburses lost income if your rental property becomes uninhabitable due to a covered loss, like a fire or major storm, necessitating your tenant to move out temporarily.

Liability Protection

Liability protection for landlords covers legal expenses and damages if a tenant or visitor is injured on the property and you are found legally responsible.

Medical Payments to Others

This coverage helps with minor medical bills if someone is injured on your rental property — regardless of fault.

Optional Coverages & Endorsements - Customize your landlord policy with added protection:

• Vandalism & Malicious Mischief Coverage – Not always included; protects against intentional damage caused by tenants or others.
• Building Code Upgrades (Ordinance or Law) – Helps pay the cost to bring a damaged property up to current codes.
• Extended Dwelling Coverage – Increases your dwelling limits in case of unexpected rebuilding costs.
• Umbrella Liability Policy – Adds an extra layer of liability coverage beyond your base policy limits.
• Flood Insurance – A separate policy that covers water damage from rising floodwaters.
• Equipment Breakdown – Covers sudden mechanical or electrical breakdowns of items like HVAC systems or water heaters.