Rented out your old house, or own a few rentals? A homeowners policy isn't built for it. A landlord policy is.
A homeowners policy assumes you live in the house. Once a tenant moves in, coverage may be limited or excluded. Switch before the lease starts. Renting out your old house.
| DP-1 | DP-3 | |
|---|---|---|
| What it covers | A named list of perils, like fire, lightning and wind | Broad coverage, everything not excluded |
| Typical payout | Actual cash value | Replacement cost |
| Loss of rents | Often limited | Usually included |
| Best for | Lower-value properties where price matters most | Most rentals you depend on for income |
Require renters insurance in your lease, with a liability minimum, and collect proof every year. Your policy doesn't cover their belongings or their liability.
Nightly and vacation rentals are often excluded from standard landlord policies. Tell us how you rent the property.
Liability adds up across rentals. Ask about an umbrella that extends to your rental properties.
Usually yes. Homeowners policies are built for owner-occupied homes.
DP-1 covers fewer perils, often at actual cash value. DP-3 is broader and usually pays replacement cost.
No. Tenants need renters insurance.
Often not on a standard landlord policy. Tell us how you rent.
Or send your details and an agent will call you back with options from the companies we work with.