Landlord

A rental property is not a house you happen not to live in. It is a business asset, it faces different risks, and it needs a different policy — a dwelling fire policy, usually a DP-3, rather than a homeowners form.

The three coverages that define a landlord policy

Dwelling covers the structure. Loss of rents replaces the rental income while the property is uninhabitable after a covered loss — the coverage owners most often discover they needed after the fact. Liability responds when a tenant or guest is injured on the property.

What a landlord policy does not cover is the tenant's belongings. That is the tenant's renters policy, and requiring one in the lease is one of the highest-value, lowest-cost things a landlord can do.

Common gaps we find

• ACV roof settlement — extremely common on rental dwellings because it prices better at binding, and extremely expensive after a hailstorm
• Loss of rents set too low — or omitted entirely
• Vacancy provisions — most policies restrict or void coverage after a property sits empty beyond a stated period, typically 30 or 60 days
• Liability limits carried over from a personal policy — rarely appropriate for a rental portfolio
• No umbrella — the cheapest liability protection available once you own more than one property

Multiple properties

If you own several units, it is usually worth scheduling them with a single carrier rather than holding scattered policies. It generally prices better, it simplifies renewals, and it makes you a more valuable client to a carrier when appetite tightens.

We place coverage nationwide, which matters if you live in one state and own in another — a common pattern we can hold on one side of the desk instead of two.