Landlord Insurance Coverage
AAA provides dependable coverage to help safeguard your investment property. Coverage levels and specific details are customizable to meet your unique needs and generally include:
Dwelling Damage
Landlord Insurance typically covers damage to the physical structure of your rental property, including the roof, garage and deck, from perils such as fire, wind, and hail.
Loss of Rental Income
If a hazard such as fire, smoke, or water makes your property uninhabitable, your lost rental income may be replaced to help cover the mortgage, taxes, and repairs.
Liability Coverage
If a tenant or visitor gets injured on your property, you might end up in court. Liability protection may cover their medical expenses as well as your legal costs.
Ways to Save
Talk to your Agent to see if you're eligible for these and other Landlord Insurance discounts and you could save up to:
15%
For having a security system on the property
5%
For being a AAA Member
Comparing Landlord and Renters Insurance
Understanding where a landlord's insurance policy ends and a renter's policy begins can be tricky to navigate. Here's a closer look at what the two types of insurance typically cover:
Landlord Insurance
- Structural damage caused by perils, not normal wear and tear.
- Personal belongings provided by landlord, like appliances and furniture.
- Lost rental income should the home become uninhabitable due to a covered peril.
- Personal liability for the landlord only should someone get injured on the property.
- Additional insurance coverage available for earthquake and flood.
- Coverage typically purchased by the owner of the property.
Renters Insurance
- Does not typically cover damage to the home.
- Renter's personal property that may be stolen or damaged by smoke, fire, or other perils.
- Renter's temporary living expenses, should the home become uninhabitable due to a covered peril.
- Personal liability for the renter only should their guest get injured on the property.
- Additional insurance available for high-valued personal property.
- Coverage typically purchased by renter(s) of the property.
