Landlord Insurance Made Simple

Learn about the key parts of a landlord insurance policy.

Landlord Insurance Made Simple

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How to Read Your Landlord Policy Declarations

When you purchase an Allstate^® Landlords Package Policy (LPP), you'll receive a Policy Declarations. This document "declares" the choices you've made for your Landlords Package Policy, such as deductibles for some coverages as well as optional protection you may have purchased. It's important to note that the Policy Declarations is not a bill.

You'll receive a new Allstate Landlords Package Policy Declarations every renewal period, which is typically one year. You should always read through your renewal each year to make certain you're up-to-date on the latest features of the policy, any changes in premiums or other vital information.

The following page is an example of an Allstate Landlords Package Policy Declarations and shows you where to find some of the important information. It's a good idea to check your own Policy Declarations to make sure all the information is correct.

Sample Landlord Insurance Policy Declaration Page 1.

Policy Period

Landlords Package Policies typically cover a one-year period. Pay your premium by the due date, and your policy automatically continues for the time period shown.
Location of Property

This shows the address of the insured building.
Total Premium

This is the amount you pay, whether in full or by installment, for your property's insurance protection for a one-year policy period and includes all the coverages you have selected.

Sample Landlord Insurance Policy Declaration Page 2.

Coverages

This shows all the coverage you have as part of your landlord insurance.
Limits of Liability

This shows the maximum limit Allstate will pay for each covered loss*.
Deductibles

A deductible is the amount you pay out of pocket when you file a claim for a covered loss*. Your policy's deductibles will be shown next to each coverage.
Discounts

Any discounts you may have received are listed here.