Landlord insurance coverage

Allstate® landlords and hosts insurance typically covers a range of perils, including the following:

• Fire and smoke
• Windstorm or hail
• Falling objects
• Accidental or sudden water damage from appliances or burst pipes

Standard coverages include:

• Dwelling protection
  Covers the rental property your tenants live in and other structures attached to it such as a garage, porch or deck.
• Other structures protection
  Covers stand-alone garages, sheds and other buildings that are separate from your rental property.
• Liability coverage
  Covers you if you're considered at-fault after an accident, damage or loss related to your property. For example, you might have a lawsuit on your hands if your tenant injures himself on broken stairs in your rental.
• Medical protection
  This type of coverage can help pay for reasonable and necessary medical expenses if a covered individual is injured in an accident on your rental property, regardless of who is at fault.
• Fair rental income coverage
  Helps pay toward the rental income you would otherwise lose if your rental becomes uninhabitable due to a covered loss and your tenants have to move out.

If available in your area, you may also have access to the following coverage for even greater protection:

• Building code coverage
  This helps cover increased costs related to fixes needed after a covered loss, such as enforcing any building codes, ordinances or laws regulating construction, reconstruction, maintenance, repair or demolition of your rental property.
• Water backup coverage
  This helps pay for damage caused when water backs up through your drains or overflows from a sump pump. This can include things like soaked floors, damaged walls or ruined belongings.
• Service lines coverage
  Helps pay for the cost to dig up, repair, or replace broken service lines on your rental home, other structures or covered property if they’re damaged, like water, sewer, or electrical lines. This includes the excavation work and the repairs needed to get things working again.
• Functional replacement cost coverage
  For older homes, this coverage lets you use modern, commonly available materials instead of the original, harder‑to‑replace materials when making repairs. Choosing these standard materials can help lower your insurance premium.
• Personal injury liability coverage
  This extends your liability coverage to help protect you if you’re held responsible for certain non‑physical injuries, like libel, slander, or invasion of privacy.
• Enhanced personal property coverage
  This helps protect your personal belongings from almost any type of damage or loss, unless it’s specifically listed as limited or excluded in the policy.

Landlord and hosts insurance protects a rental property from accidental and sudden losses, but there are some losses it doesn’t cover.

• Breakdowns in the rental property
  Most insurance for your property doesn’t cover basic maintenance repairs. For example, your coverage most likely won’t help replace your water heater if it cracks but might help pay for the damage to your floors.
• Personal property
  The items your tenants own, such as clothing, electronics and other personal possessions, aren’t covered under most landlord policies. You may want to suggest your tenants buy Allstate renters insurance to cover their belongings in case of a loss.
• Floods, earthquakes and water backup
  Typically, most landlord coverages exclude floods and earthquakes. You can buy flood insurance as a separate policy in addition to what landlord and hosts insurance covers.

When you purchase landlord and hosts insurance, you can select deductibles and coverage limits based on your needs.

While Allstate® landlord and hosts insurance can help protect you in many situations, there are a few events that aren't typically covered. These additional policies can help safeguard against flood damage and expensive lawsuits. Learn more about:

• Flood insurance
  This policy can cover the damage done to your rental properties by floods, which are the #1 natural disaster in the U.S.¹
• Personal umbrella insurance
  Since owning multiple properties gives you more to lose in a major lawsuit, you may want the extra liability coverage personal umbrella insurance provides.