Landlord Insurance for your Rental Property
Real Estate and Rental Property owners face unique risks and have assets that are important to cover that aren't included on a normal homeowners insurance policy. Another few commonly used terms for Landlord policies are also Fire Dwelling Insurance or Lessor's Risks.
Most landlord policies cover the building, loss of income, personal property, liability coverage, and much more. Many landlords should consider an umbrella policy for increased and unknown liability that could arise in the event something happens on their premises. It is also important to make sure you have enough coverage for your building as well as enough rental income so that your income from your properties continues in the event of a large loss.

Carlson & Associates provides rental property insurance in Northwest including Gig Harbor, Tacoma, Kent, Auburn, Port Orchard and all areas surrounding
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Important Landlord Insurance Coverages
- Dwelling Limit (Rebuild Cost of Home)
- Other Structures (Any detached structures)
- Personal Property
- Loss of Rental Income
- Personal Liability
- Medical Payments to Others
- Ordinance or Law
Types of Rental Properties we Insure
- Single Family Homes
- Duplex, Triplex, and Quad
- Apartment Complexes
- Commercial Rentals (Lessor's Risk)
- Mixed Use Rentals (Business/Apartment Mix)
- Vacation Rentals (Airbnb, VRBO, Etc.)
Dwelling Coverage (Rebuild Value)
Property or Dwelling Coverage is the what pays to rebuild or repair your rental in the event of a catastrophe such as a fire or windstorm.
Other Structures
Coverage for secondary structures that aren't directly attached to rental home. These could include buildings such as detached garages, sheds, fences, awnings, etc.
Pesonal Property Coverage
You may have furnishings, appliances, and other property in your rentals. This coverage helps you replace these items in the event of a loss such as a fire, theft, water damage and many more.
Fair Rental Value Coverage/Rental Income
If your there is a covered loss to your rental property, this coverage insures that you will continue to receive payment for your loss of income from your tenant.
Personal Liability
This coverage applies if someone is injured or their property is damaged and you are legally responsible. It covers the cost of damages and the cost to defend yourself.
Medical Payments to Others
This covers immediate medical expenses for guests that are injured on your property. It does not cover you or any of your household members.
Ordinance or Law
Covers cost due to change in municipal law or building codes that have changed from the time your structure was built. It covers the additional cost of this for any reconstruction or repair.
Landlord policies can differ drastically in pricing and the broadness in coverage by the type of policy form you select, the amount of coverage selected. and the type of home that you are insuring.
Everyone’s situation for insurance is unique so it is important to find insurance that fits your needs. One of our insurance professionals can help assess what your needs are and help design a landlord protection insurance plan that will protect you at an affordable cost.
Informational statements regarding insurance coverage are for general description purposes only. These statements do not amend, modify or supplement any insurance policy. Consult the actual policy or your agent for details regarding terms, conditions, coverage, exclusions, products, services and programs which may be available to you. Your eligibility for particular products and services is subject to the final determination of underwriting qualifications and acceptance by the insurance underwriting company providing such products or services. This website does not make any representations that coverage does or does not exist for any particular claim or loss, or type of claim or loss, under any policy. Whether coverage exists or does not exist for any particular claim or loss under any policy depends on the facts and circumstances involved in the claim or loss and all applicable policy wording.