The building
Helps repair or rebuild the structure after a covered loss such as fire, wind or hail. Attached structures and, in many cases, other structures like a detached garage can be included.
What it covers
What Landlord & Rental Property coverage can include
Landlord policies, often called dwelling fire or rental dwelling policies, are written for a property you own but do not live in. Your tenants' belongings are not included. Coverage options vary by policy and carrier.
Loss of rental income
If a covered loss makes the unit unlivable, this can help replace rent you would otherwise have collected while repairs are made. Availability and limits vary.
Landlord liability
Helps if a tenant or visitor is injured on the property and you are legally responsible, such as a broken stair or an icy walkway.
Your own contents
Appliances, furniture or tools that you supply for tenant use can often be covered. Your tenant's belongings are not covered, which is why we suggest renters policies for tenants.
Vacancy considerations
Many policies limit coverage when a unit sits empty for a period of time. Tell us about turnovers and renovations before they happen.
Optional add-ons
Depending on the carrier, options may include water backup, ordinance or law coverage and extended replacement cost.
Who needs it
Who needs landlord insurance
If any of these sound like you, it is worth a quick conversation. We serve Kentucky, Ohio and Indiana.
Owners of single-family rentals
A house you rent to a tenant generally needs a policy written for rental use, not an owner-occupied one.
Owners of duplexes and small multi-unit buildings
More units can mean more liability exposure and different underwriting. We will walk through the options.
Owners who moved and kept the house
If you turned your old home into a rental, tell your agent right away. The right policy often changes.
Owners who hold property in an LLC
How the property is titled can affect how the policy is written. We will ask the right questions up front.
Local agency
Rental property coverage in Florence, Boone County and Northern Kentucky
Northern Kentucky has a steady rental market because of its location next to Cincinnati and the I-71/I-75 corridor. Owners in Florence, Erlanger, Covington, Newport and across Boone, Kenton and Campbell counties each have their own mix of older homes, newer builds and small multi-unit buildings, and each building brings its own details to a policy.
Turner Insurance Group is a Florence agency that writes policies in Kentucky, Ohio and Indiana, so we can help if your portfolio crosses the river or the state line.
Be prepared
Things to tell your agent
How is the property used?
Long-term lease, furnished rental, student housing or short-term rental can all be treated differently. Be specific.
Who is the owner?
Individual, LLC or trust. This can affect how the policy is written and who is listed on it.
What is the condition and age of the roof and systems?
Roof, plumbing, electrical and heating details can affect eligibility and terms.
Do you require tenants to carry renters insurance?
Many landlords do. It helps protect your tenant's belongings and adds a layer of protection to the lease.
FAQ
Common questions
Why can't I use a homeowners policy on a rental?
Homeowners policies are written for owner-occupied homes. If you rent the property out, the carrier may deny a claim or non-renew the policy. A landlord policy is written for how you actually use the property.
Does landlord insurance cover my tenant's belongings?
No. The policy is built around the building, your rental income and your liability. Tenants generally need their own renters policy for their belongings.
What is loss of rental income coverage?
If a covered loss makes the unit unlivable, this coverage may help replace rent you would have received during repairs. The amount, timing and exclusions vary by policy and carrier.
Do I need landlord insurance if the property is vacant?
Vacant properties often have different rules, and some coverages may be limited after a period of vacancy. Tell us about the vacancy before it starts so we can talk through your options.
Can you insure rentals in Ohio or Indiana?
Yes. We write landlord policies in Kentucky, Ohio and Indiana. Coverage options vary by policy and carrier.
Should I add an umbrella policy as a landlord?
Many landlords ask about it because a liability claim can exceed the limits on the underlying policy. Our umbrella page explains how it works.
Keep reading
Related coverage & guides
Homeowners insurance · Renters insurance · Umbrella insurance · Condo insurance · Small business insurance · All coverage
Areas we serve: Florence · Burlington · Hebron · Union · Erlanger · Independence · Covington · Newport · Fort Thomas · Walton · Lexington
Ready for a Landlord & Rental Property quote?
Request a quote online, or call or text our Florence office at 7000 Houston Rd, Ste 12. We serve Kentucky, Ohio and Indiana.