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Rental property coverage

Landlord insurance for rental properties

Dwelling, liability, and loss-of-rent coverage for tenant-occupied rentals — single family homes through small multifamily. Written to your LLC or personal name, customized to how you run your portfolio.

1–20+ units per property
$1–2M liability limits
50 states licensed

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The basics

Why a homeowners policy isn't enough

Landlord insurance — often written as a DP-3 dwelling policy — is built for properties you own but don't live in. A homeowners policy assumes owner occupancy; renting the home out without telling your insurer is one of the most common reasons claims get denied.

A proper landlord policy covers the dwelling and other structures against fire, wind, hail, and other perils, adds loss-of-rent coverage that replaces income while a covered loss makes the unit uninhabitable, and carries landlord liability for tenant and guest injuries — the claim type most likely to threaten your personal assets.

Because every rental is different, Lumin policies are customizable: name your LLC as insured, add water backup or equipment breakdown, set deductibles to match your reserves, and add your lender as mortgagee. One conversation covers your whole portfolio.

Coverage details

What landlord insurance covers

Typically covered

The dwelling — fire, lightning, wind, hail, and other covered perils

Other structures — garages, fences, sheds on the property

Loss of rents — replaces rental income while a covered loss is repaired

Landlord liability — tenant and guest injury claims, $1M–$2M limits

Optional add-ons — water/sewer backup, equipment breakdown, ordinance & law

Typically excluded

Tenant belongings — your tenants need their own renters insurance

Extended vacancy — empty past 30–60 days needs a vacant policy

Short-term rental activity — Airbnb hosting needs STR coverage

Flood & earthquake — available as separate policies where needed

Tenant rent default — non-payment is a screening problem, not an insurable peril

Coverage varies by policy and state. A licensed Lumin agent will walk you through the exact terms before you bind.

Who it's for

From first rental to full portfolio

First-time landlords

Converting a former residence or buying rental #1 — we'll explain every line.

Buy-and-hold investors

Lower premiums mean higher cash flow — we compare rates so you don't overpay.

LLC & portfolio owners

Multiple entities, multiple properties — structured correctly under one roof.

Out-of-state investors

Licensed in all 50 states — buy in any market without hunting for a local agent.

FAQ

Landlord insurance questions

Talk to a licensed agent at 888-511-1012.

How is landlord insurance different from homeowners insurance?

Homeowners policies assume you live in the home and cover your personal belongings. Landlord policies assume a tenant lives there: they cover the structure, your liability as a landlord, and the rental income — but not the tenant's stuff. Using the wrong one is grounds for a denied claim.

Can the policy name my LLC?

Yes — and if you hold the property in an LLC, it should. The named insured should match the deed. We routinely write policies for LLCs, partnerships, and trusts, with lenders added as mortgagees.

How much does landlord insurance cost?

It depends on location, construction, age, coverage limits, and deductible. As a rule of thumb landlord policies run somewhat higher than an equivalent homeowners policy — but because Lumin compares rates across underwriters, most investors come in under what they were paying before.

Are my tenant's belongings covered?

No — landlord insurance covers your property and liability, not theirs. Most landlords require tenants to carry renters insurance in the lease; it's inexpensive and protects both sides.

What happens when the property is between tenants?

Short gaps are fine. But if the home will sit empty longer than 30–60 days — for a renovation, slow leasing season, or a sale — most landlord policies restrict or void coverage. That's when you bridge with a vacant property policy.

Related coverage

Short-Term Rental Insurance

If your rental hosts on Airbnb or VRBO, you need STR-specific coverage.

Vacant Property Insurance

For extended gaps between tenants or while a property is listed.

Texas Landlord Insurance

State-specific guidance for one of the biggest rental markets in the country.

Stop overpaying on your rentals

Lower premiums grow cash flow and asset value. See your rate in about four minutes.

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