Rental Property Insurance

Rental Properties Require Landlord-Specific Coverage

A homeowners policy won't properly protect a non-owner-occupied property. Rental property insurance (also called lessor's risk or landlord insurance) is built for the risks of leasing-covering the structure, your liability for tenant or guest injuries, and lost rents if damage makes the unit unlivable. Gateway Insurance offers multiple carriers for single-family and multi-unit rentals.

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Coverage for your Rental Types

Single-Family & Duplex

Coverage for the building, detached garages, and landlord liability. Flexible enough for the first-time or seasoned investor.

Multi-Unit & Small Apartment

Designed for 2-4 unit rentals. For larger buildings, see our Apartments/Condo Building insurance page.

Vacancy Considerations

Policy forms and pricing can change when a unit is vacant-Gateway can review your plans and explain the options available.

What Does Landlord Insurance Cover?

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Dwelling/Structure

Protects your building from fire, wind, hail, vandalism, and more.

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Landlord Liability

Covers legal costs and damages if a tenant or guest is injured.

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Loss of Rents

Replaces lost rental income if a covered claim (fire, storm, major repair) makes the property unlivable.

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Tenant-Caused Damage (optional)

Some policies offer coverage for accidental or malicious tenant damage-ask us for details.

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Vacancy Coverage

Some insurers offer options for short-term vacancies-crucial for seasonal markets.

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Rentals-Risks and Rules

From downtown rentals to growing neighborhoods, landlords face unique seasonal vacancy patterns, freezing pipe claims, and liability concerns. Gateway's local agents can review your lease and policy, helping you avoid gaps and meet lender/lease requirements.

Rental Property Insurance-Questions Answered

  • What insurance do I need for a rental property?

    Landlord/rental property insurance-covers property, liability, loss of rents, and more. Not the same as a homeowners policy.

  • Does landlord insurance cover loss of rent?

    Yes-loss of rents coverage pays for rental income lost if damage forces a tenant out (subject to policy terms).

  • Is a rental property covered under my homeowners policy?

    No- A dedicated landlord coverage is required.

  • What happens if my rental is vacant?

    Coverage can be change during vacancies-contact us and we can explain the rules and options that are available.

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What to Have Ready for a Quote

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Property address and type (single-family, duplex, multi-unit)

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Year built and building details

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Occupancy/vacancy plans

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Current lease or lender requirements

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Desired coverage options (structure, liability, loss of rent)

Bundle landlord with umbrella, commercial, or personal policies for savings.

Protect Your Rental
Landlord Insurance

Don't risk a gap with the wrong coverage. Gateway Insurance can review your properties, explain policy options, and deliver certificates, so you can rent your property with confidence.