Get the Right Coverage to Protect Your Investment
Owning rental property comes with risk — and standard homeowners insurance won’t cut it. Whether you own a single rental property or a vast portfolio, you need insurance designed for landlords.
At RealWealth, we’ve helped over 80,000 members build long-term wealth through real estate investing. One of the smartest moves they make is securing the right insurance for rental property. We don’t sell policies ourselves, but we refer vetted providers who understand the unique needs of real estate investors.
What Is Rental Property Insurance?
Also known as landlord insurance, this type of policy is specifically designed to cover:
- Property damage (structure, roof, major systems)
- Liability protection (injuries on the property)
- Loss of rental income (if the property becomes uninhabitable)
- Optional coverage for vandalism, theft, and tenant-caused damage
Unlike home insurance for rental property, landlord policies assume the home is not owner-occupied, and are structured to reflect that added risk.
Why Landlord Insurance Is Non-Negotiable
Protect Your Property
From fire to storms to water damage, rental homes are just as vulnerable as primary residences. Landlord insurance helps you recover and rebuild faster.
Limit Liability
You could be sued if a tenant or guest is injured on your property. Landlord insurance offers liability protection to shield your personal assets.
Safeguard Your Income
If a covered loss forces a tenant to move out, rental income loss coverage can help bridge the gap while repairs are made.
When Should You Get Rental Property Insurance?
- Before you close on a new investment property
- When converting a home from primary residence to rental
- If you’re working with a property manager who requires proof of insurance
- If you own a short-term rental (STR) or vacation home used by paying guests
- When scaling your portfolio and want better umbrella coverage
Our Trusted Rental Property Insurance Providers
We’ve partnered with insurance brokers and agencies who specialize in landlord insurance. They understand the risks and realities of owning investment properties and offer policies protecting single- and multi-family rentals.
Frequently Asked Questions
Is landlord insurance required?
It’s not legally required, but highly recommended. If you’re financing the property, your lender typically requires proper rental coverage before closing.
What’s the difference between landlord insurance and home insurance?
Homeowners insurance covers owner-occupied homes. Landlord insurance is for tenant-occupied rentals and offers different protections.
Does rental property insurance cover tenant damage?
Sometimes. Many policies offer optional coverage for tenant-caused damage, vandalism, or theft, but not all. Ask your provider.
Do I need a new policy for each property?
Not always. Some providers offer portfolio coverage or master policies that cover multiple rentals under one umbrella.
More questions? You may like this article: Landlord Insurance for Rental Properties: Everything You Need to Know
RealWealth Doesn’t Sell Insurance — We Connect You to Trusted Experts
RealWealth does not sell landlord insurance; we simply refer to trusted professionals who’ve helped our members protect what they’ve built. Because real wealth isn’t just about growing your portfolio and generating cash flow—it’s about keeping it safe for the long-term.
