Getting the Best Rates and Coverage to Match Your Needs
Comparing insurance coverage for your rental property begins with an assessment of your needs. For example, if you are renting out a home because it is not the right time to sell, your insurance requirements are very different than if you own a large apartment complex.
Note that if you are renting out a home, your homeowners insurance will only provide coverage if you add a special endorsement designating the home as a rental. To accurately compare landlord insurance coverage from multiple companies and find the best policy for you at the best price, contact an independent agent in the Trusted Choice® network.
The Trusted Choice brand is built on the customer focused integrity of more than 300,000 business owners, agents and employees nationwide. With more local insurance agents than State Farm and GEICO, this network of agencies serves more consumers and pays out more claims
In addition to these measures, you can also work with your agent to find landlord insurance companies that offer a range of specific discounts. For example, you may be able to get a discount for installing an internal sprinkler system in your rental units that can douse a small apartment fire before it becomes a blaze.
Insurance company rating systems can provide insight into which insurance companies are the most reliable and provide the best landlord insurance for your needs.
When evaluating landlord insurance companies, there are many different types of coverage you may want to consider. For example, if you know you want loss of income or loss of rent coverage, then you should make sure that the companies you are reviewing provide that coverage in the state where you need it.
Here are the steps to find the best landlord insurance companies:
You can also simply ask your independent agent to perform the research for you and recommend the best companies with the best rates, company ratings, and so on. Because independent agents work with multiple insurance providers instead of just one, they can look for the best coverage for apartment and building complex owners while also looking for the best prices.
To compare landlord insurance from top companies, independent agents look at specific features and ratings of the companies they work with. The following chart shows an example comparison.
When you are reviewing landlord insurance companies, some additional questions you may want to ask include:
To get started comparing the best landlord insurance companies, get a quote or find a member agent in our network now. An independent agent in the Trusted Choice network will be happy to compare rental property insurance quotes on your behalf.