Jacksonville Landlord Insurance

Your Complete Guide to Jacksonville, FL Landlord Insurance

Find the right landlord insurance policy for you.


Maybe you own a condo in Jacksonville’s Atlantic Beach section that you lease to snowbirds in the winter. Or perhaps you own a house that you rent out to students attending the University of North Florida. Regardless of how you use your rental properties, if you own homes that are occupied by tenants, you need to cover them with landlord insurance.

You can turn to an independent agent for answers to your insurance-related questions and for help finding the best policy to meet your coverage needs. These agents can obtain a variety of customized landlord insurance quotes so you can be sure you are getting the coverage you need at an affordable price. Find an insurance agent near you to get started. 

Why Own a Rental Property in Jacksonville, FL?

Jacksonville is a great place to be a landlord. The market for rental properties in this city is high, so there is less risk that your property will remain vacant for long periods between renters.

Rental statistics for Jacksonville

  • Percentage of homes that are renter-occupied in Florida: 36.7%
  • Percentage of homes that are renter-occupied in Jacksonville: 43.4%
  • Average market rent in Florida: $1,449
  • Average market rent in Jacksonville: $1,281

Although owning rental properties can be lucrative, it is not without risks. A reliable landlord insurance policy can increase your chances of profiting from your investment.

What Is Landlord Insurance and How Much Does it Cost in Jacksonville?

Landlord insurance is a type of homeowners insurance policy that is designed specifically to meet the unique coverage needs of landlords. In most cases, insurance companies will require this type of coverage if you have tenants living in a home you own. You can expect your landlord insurance policy to cost about 15% more than a traditional homeowners policy would for the same property. This is mainly because you have greater liability risks when your house is occupied by tenants. 

Landlord Insurance Covers Property Damage in Jacksonville

Naturally, you will have lower contents coverage needs for your rental homes than you will for your primary residence since your tenants are responsible for covering their own personal property with renters insurance. You will only need to have contents coverage for property you include with the home, such as appliances and light fixtures. 

You will also need to have coverage for the structure of the home. Your landlord insurance can cover damage to the property that is caused by severe weather events, accidental fires, and destruction caused by your tenants, whether accidental or malicious.

Catastrophic Events in Florida

  • Number of federally declared disasters in Florida: 122
  • Most common reasons for disasters in the state: Wildfires and Hurricanes
  • Average number of tornadoes per year in Florida: 54.6
  • Average amount of property damage per year in FL: $3.45 billion
  • 1 in 15 insured homes has a claim each year.

Severe weather events pose the biggest risk to Jacksonville property owners. For example, in 1996, an F2 twister touched down 3.6 miles from the city center and caused $3 million in damage. In 2016, Hurricane Matthew led to extensive flooding and destruction in the city. And in previous years, wildfires threatened many Jacksonville homes, but fortunately were contained in time.

Be aware that although hurricane damage is covered by landlord insurance, the flood damage that often accompanies these storms is not. Fortunately, your local independent insurance agent can also help you secure an affordable flood insurance policy that will enable you to cover structural damage to your home.


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Property Crimes in Jacksonville Are Covered by Landlord Insurance

The burglary rate in Jacksonville is high, so you will need coverage against potential losses due to this threat. Though your tenant’s renters insurance policy should cover their own stolen property, your house may sustain damage such as broken windows or a busted door. Your landlord insurance policy can cover the cost to repair this damage.

Jacksonville property crime statistics:

  • Burglary rate per 1,000 home in the US: 4.69
  • Burglary rate per 1,000 homes in Florida: 4.87
  • Burglary rate per 1,000 homes in Jacksonville: 7.95
  • Average annual number of burglaries in Jacksonville: 6,688

Your policy can also offer coverage in the event that your tenants maliciously damage your property. You can talk to your local independent agent to learn more about how your landlord insurance policy can protect you against losses related to property crimes.

Coverage against Liability Lawsuits for Jacksonville Landlords

Rental properties create high liability lawsuit risks for landlords. Landlord insurance provides the coverage you will need if you are facing a liability lawsuit. Your policy’s liability insurance is designed to cover court costs, lawyer fees, and damages for most of the liability risks you face as a rental property owner in Jacksonville. Examples of times that landlord liability insurance may come in handy include:

  • A tenant is severely injured in a fall caused by a loose stair tread in your rental home.
  • Defective wiring in your rental home causes a fire in which your tenants’ property is damaged or destroyed.
  • Your tenants throw a party and several people are injured when a balcony collapses.

Some landlords in Jacksonville wish to have liability coverage in amounts that are higher than their landlord insurance policy will allow. If you are among them, be sure to ask your local independent agent for help finding an affordable umbrella insurance policy, which can significantly boost your liability coverage.

Why Work with an Independent Agent in Jacksonville, FL?

Comparison shopping lets you be sure you are getting your landlord insurance at a great price. Independent insurance agents in Jacksonville can save you time and money, contacting insurance companies on your behalf to compile a selection of quotes that you can compare.

Contact an insurance agent near you to learn more about finding competitively priced landlord insurance in Jacksonville.

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