Single-Family Rental Insurance

Coverage for single-family rental homes.

Typical cost: $1,000 – $2,500 per year

Single-Family Rental Insurance

Single-family rental insurance protects landlords who rent out houses, townhouses, or duplexes. Coverage includes the dwelling, liability, and loss of rental income—but not tenant belongings, which require separate renters insurance.

DP Policies

Landlord policies are classified as DP-1, DP-2, or DP-3 depending on covered perils. DP-3 offers the broadest open-peril coverage for the dwelling. Most landlords should get DP-2 or DP-3 coverage.

What's covered

Dwelling Coverage

Covers the house structure against fire, storms, and other perils.

Liability Protection

Covers tenant injury claims and legal defense costs.

Loss of Rent

Replaces rental income while property is being repaired.

Other Structures

Covers detached garages, sheds, and fences.

Landlord Furnishings

Covers appliances and furnishings you provide.

Tips

  • Get DP-2 or DP-3 for comprehensive coverage
  • Require tenants to carry renters insurance
  • Consider umbrella policy for additional liability protection
  • Update coverage when making property improvements
  • Vacant property periods may have limited coverage

Other landlord insurance types

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