Landlord Home Insurance

Why Barrett Insurance Group for Landlord Insurance?

• Specialized Landlord Coverage
  Unlike standard homeowners insurance, landlord policies address the unique risks involved in renting properties, including property damage, liability to tenants and visitors, and loss of rental income when homes are uninhabitable.

• State-Specific Knowledge
  We understand landlord insurance regulations and risks in each state we serve—from weather hazards to local legal requirements—helping you maintain compliance and secure appropriate coverage.

• Competitive Rates and Customization
  Our connections with top carriers allow us to offer competitive premiums and customized policies that fit your rental property portfolio and financial goals.

• Responsive Claims and Support
  When incidents occur, our expert claims team guides you through a swift and clear process to minimize financial disruption.

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What Does Landlord Insurance Cover?

• Dwelling Coverage: Protection for your rental property's physical structure against fire, storms, vandalism, and other covered perils.

• Other Structures: Coverage for detached elements like garages, sheds, and fences.

• Landlord’s Personal Property: Insurance for items you use to service the rental, such as maintenance equipment.

• Liability Protection: Covers medical and legal costs if someone is injured on your property or you’re liable for property damage.

• Loss of Rental Income: Reimburses lost rental payments if the property becomes uninhabitable due to a covered event.

• Optional Enhancements: Additional coverage for specialized situations like vandalism, burglary, and flooding (depending on state and policy).

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Landlord Insurance by State and Washington D.C.

Maryland

• Not legally required but typically mandated by lenders.

• Covers property damage, landlord liability, and loss of rent.

• Personal property coverage applies to landlord-owned maintenance items.

• Landlord insurance costs average around $800 per year but vary by property.

Washington D.C.

• Landlords are recommended to require tenants have renters insurance for their belongings.

• Insurance commonly includes property damage, liability, and loss of rental income.

• DSCR loans require specific landlord insurance criteria including property and liability coverage.

• Premiums vary due to urban density and property type.

Pennsylvania

• Not mandated by law but often required by lenders.

• Covers damage from common perils, liability, and rental income loss.

• Optional flood insurance is recommended for high-risk zones.

• Landlord policies do not cover tenant possessions; tenants should secure renters insurance.

Delaware

• Not required by law but lender conditions often require coverage.

• Includes dwelling, other structures, landlord property, liability, and loss of rental income.

• Premiums must often be escrowed with mortgage payments.

Virginia

• No legal requirement, but lenders usually require landlord insurance.

• Covers risks like storm damage, liability claims, and rental income loss.

• Local building codes and mortgage agreements often mandate insurance.

• Recommended coverage addresses risks such as hurricanes and sinkholes.

North Carolina

• Not legally required but lender-mandated in many cases.

• Covers dwelling, liability, additional structures, and rental income loss.

• Protects against damages from hurricanes, floods, vandalism, and tenant injuries.

• Typical exclusions include tenant possessions and intentional damage.