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LANDLORD INSURANCE: PROTECT YOUR RENTAL PROPERTY INVESTMENT
Owning rental property can be a lucrative investment, but it comes with unique risks. At American Eagle Insurance, we understand the importance of protecting your investment with landlord insurance designed to cover tenant-occupied properties. Our policies safeguard your property from physical damage and liability risks, giving you peace of mind while you grow your portfolio.
COVERAGE FOR ALL OF YOUR RENTAL PROPERTY NEEDS
Whether you’re renting out a single-family home, a multi-unit dwelling, or a condo, American Eagle Insurance has you covered. Our policies can be customized to include:
- Vacant property coverage for temporary unoccupied periods.
- Protection for short-term rentals, including Airbnbs in eligible markets.
- Small apartment complexes up to 50 units
- Coverage for renovations or property flips.
Landlord insurance provides essential coverage for property owners who rent out residential properties. Unlike standard homeowners insurance, landlord insurance is specifically designed to protect rental properties and the associated risks of tenant occupancy. It offers coverage for:
- Physical Damage: Protecting against fire, vandalism, weather events, and more.
- Liability Protection: Covering legal, medical, and settlement costs if a tenant or guest is injured on your property.
- Optional Add-Ons: Including coverage for loss of rental income, sewer and drain backups, and theft.
Many landlords are surprised to learn that homeowners insurance typically doesn’t cover rental properties. Without the right insurance, you could face significant out-of-pocket expenses in the event of a covered loss.
Landlord insurance helps mitigate risks unique to tenant-occupied properties, such as:
- Fires or accidents caused by tenants or their guests
- Storm damage, including wind, hail, and lightning
- Vandalism or theft
- Liability claims for injuries on the property
By securing landlord insurance, you protect your property and your income stream from unforeseen losses.
You should consider purchasing landlord insurance if:
- You’ve moved out of your home and are renting it to tenants.
- You own and lease out one or more residential properties.
- You rent out condominiums, duplexes, or multi-unit homes.
The cost of landlord insurance depends on several factors, including:
- The property’s location and size
- The age and condition of the property
- The number of rental units
- Security features, such as fire and burglar alarms
Our team at American Eagle Insurance will work with you to find the right coverage at a competitive rate.
Yes, landlord insurance may cover personal property stored on the premises, such as tools or appliances in a garage or shed, provided the structure has active fire and burglar alarms. However, it does not extend to tenants’ belongings.
Encourage tenants to secure renters insurance to protect their personal property and liability.
ELIGIBLE CLASSES
We provide landlord insurance for:
- Well-maintained one-to-four family dwellings occupied by tenants.
- Detached structures, such as garages or storage sheds rented to tenants (non-commercial use).
- Condominium or co-op units.
- Manufactured or mobile homes affixed to permanent foundations.
HIGHLIGHTS OF OUR LANDLORD INSURANCE POLICIES
- Property Coverage: Up to $5 million.
- Premises Liability: Up to $1 million per occurrence, $2 million aggregate.
- Optional Coverages: Loss of rents, sewer backups, and theft.
- Flexible Terms: Standard 12-month policies with short-term options available.
- Streamlined Process: Quick online applications and installment payment options.
- Expert Support: Serviced by experienced insurance professionals.
WHY CHOOSE AMERICAN EAGLE INSURANCE?
Since 1967, American Eagle Insurance has been a trusted provider of insurance solutions for property owners. Our landlord insurance policies are:
SIMPLE
Landlord insurance policies that are easy to understand and are tailored to your needs backed by top rated carriers with exceptional service!
AFFORDABLE
Because we are Insurance Brokers, we have access to some of the lowest rated landlord insurance platforms on the market today!
SAME DAY COVERAGE
We all know that you needed this policy yesterday! Give us a call today or fill out the form for a same day quote!