protect your rental properties with reliable coverage
Summary of landlord insurance
Allstate® landlords and hosts insurance helps safeguard your rental property against sudden, accidental losses. Coverage includes damage from fire, wind, hail, and other covered perils, plus liability protection, medical protection, and fair rental income to offset lost rent if your unit becomes uninhabitable as a result of a covered loss. With exclusive discounts and trusted claims support, Allstate makes it easier to protect your investment with confidence.
What is landlord insurance?
Owning and renting out a property can be a smart investment and a great experience. By taking some steps to make sure you’re covered if something goes wrong, you can focus more on keeping your property in great shape and less on the unexpected challenges. With an Allstate® landlord policy, you’ll get protection from sudden and accidental losses and the bills that come with them, including the possible loss of rent and even the cost of rebuilding your property if there’s damage from a natural disaster.¹ In other words, you’ll have the peace of mind when you welcome your tenants to the place they’ll call home.
What you need to know about landlord insurance
How to compare landlord insurance quotes
If you're gathering quotes from several companies, make sure you choose the same coverage types, limits and deductibles for an accurate comparison.
- Choose your coverage
Review coverage types included in a standard policy, as well as optional coverages you want to add. - Consider your limits
Think about your personal finances and needs when choosing your coverage limits. - Select your deductibles
Some landlord coverages come with a deductible, or the amount you pay toward a claim. For an accurate comparison, be sure to select the same deductible on each coverage for every quote you request.
Landlord insurance FAQs
Although landlord insurance is not required by law, there are a few reasons why it’s a good idea to consider it:
- If you have a mortgage on the property you’re renting out, your lending company may require you to have a certain amount of coverage.
- Potential tenants may request proof of landlord insurance before signing a lease.
Coverage for landlords typically includes dwelling coverage, which helps protect against sudden and accidental damage to your rental property. This includes accidental damage caused by one of your tenants. Keep in mind, though, you will likely need to pay your deductible before your insurance benefits kick in. Plus, your policy will typically only cover losses up to a certain amount, so it’s important to know your coverage limits and adjust them as needed.
Typically, coverage for landlords does not cover floods and water (sewer) backups from sewers or drains, or overflows from a sump pump. It also does not cover long term water damage, which includes seepage or leakage that lasts days, months or years. Flood insurance is a separate policy you can buy for additional coverage, which your Allstate agent can help you with. Customers may have the option to purchase water back-up protection that covers backup from sewers, drains or sump pumps only (it does not cover floods and long-term water damage).
Allstate® landlords and hosts insurance helps protect your rental property, your income, and your financial responsibility as a property owner. It typically includes dwelling protection for the home and attached structures, and liability coverage if you’re held responsible for an accident or property-related issue.
It can also include fair rental income coverage, which helps replace lost rent if your property becomes uninhabitable due to a covered loss, and medical protection, which can help pay for reasonable medical expenses if a guest is injured on your property.
In most cases, coverage for landlords doesn’t cover maintenance-related issues and equipment breakdowns, such as washing machines wearing out due to natural wear and tear.