Landlord insurance for rental property owners

Renting out a property changes your risk profile, and a standard homeowners policy isn't built for it. Landlord insurance covers the structure, lost rental income, and liability tied to having tenants. With Miami-Dade's large rental and investor market, and no shortage of seasonal or vacation rentals near the coast, having the right non-owner-occupied policy in place matters from the day a lease is signed.

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Coverage details depend on the carrier, selected policy, applicable state laws, underwriting criteria, and specific exclusions. This content is for informational purposes only and does not constitute legal or financial advice. Contact us to review your options.

What it may cover

  • Dwelling coverage for the rental structure
  • Loss of rental income if the property becomes uninhabitable after a covered loss
  • Liability if a tenant or visitor is injured on the property
  • Optional coverage for landlord-owned appliances and fixtures
  • Windstorm and hurricane coverage considerations specific to South Florida rental properties

Who it's for

  • Owners renting out a single-family home or condo
  • Investors with one or more rental properties
  • Owners converting a former primary residence into a rental
  • Out-of-state or international investors who own Miami rental property remotely

Why it matters

A standard homeowners policy can be voided or limited once a property is rented out. Landlord insurance is built specifically for non-owner-occupied risk, and in a hurricane-prone market like Miami, having the right windstorm and liability structure in place protects both the asset and the rental income it generates.

Common coverage options

Dwelling fire policy

Covers the structure and landlord-owned contents, with optional liability and loss of rent.

Loss of rents coverage

Reimburses lost rental income while the property is being repaired after a covered loss.

Landlord umbrella coverage

Extends liability limits beyond the base policy for owners with multiple units or higher-risk tenants.

What affects the price

  1. 01Property age, condition, and location
  2. 02Whether the property is leased long-term or short-term
  3. 03Liability limit selected
  4. 04Claims history on the property
  5. 05Distance from the coast and flood zone designation

Questions to ask before buying

Does this cover short-term or vacation rentals?
Is loss of rental income included or an add-on?
Am I covered if a tenant damages the property intentionally?
Does the policy require a separate flood policy given the property's location?

Ready to explore your options?

Our licensed agents in Miami can help you compare coverage and find the right policy. No pressure, just clear answers.

(786) 340-3710

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Frequently asked questions

Coverage details depend on the carrier, selected policy, applicable state laws, underwriting criteria, and specific exclusions. This content is for informational purposes only and does not constitute legal or financial advice.

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