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Protection designed for landlords, investment properties and rental homes.
D&E Insurance Group helps Arizona property owners compare insurance options for rental homes, investment properties and other non-owner-occupied dwellings.
A home you rent to someone else has different risks than the home you live in yourself.
Rental property insurance, sometimes called landlord or dwelling insurance, is designed for residential properties that are not occupied by the owner as their primary residence.
Coverage can help protect the dwelling itself while also providing important liability protection and, depending on the policy, coverage for lost rental income after certain covered losses.
D&E Insurance Group helps Arizona landlords and real estate investors compare coverage options based on the property, how it’s occupied and how it’s used.
Rental property insurance can combine protection for the property itself with important coverage for the risks that come with being a landlord.
Dwelling & Property
Coverage can help protect the rental home’s structure and certain property you own at the premises after eligible covered losses such as fire, wind or other covered causes of loss.
Landlord Liability
Liability coverage can help protect you from certain covered claims if you’re legally responsible for bodily injury or property damage connected to the rental property.
Loss of Rental Income
If a covered loss makes the property uninhabitable, available rental income coverage may help replace eligible lost rental income while covered repairs are being completed.
Coverage varies by policy and carrier, so it’s important to insure the property based on how it’s actually occupied and used rather than relying on a standard homeowners policy that may not be designed for a tenant-occupied property.
The way a property is occupied can change the type of insurance coverage it needs.
Homeowners insurance is generally designed for a home you occupy as your primary residence and can protect the dwelling, your personal belongings and your personal liability.
Rental property insurance is designed around a tenant-occupied property and can provide coverage for the dwelling, landlord-owned property, liability and eligible loss of rental income.
If you move out of a home and begin renting it to tenants, it’s important to tell your insurance agent. A change in occupancy can affect eligibility and coverage under the existing policy.
One rental property can become several. Your insurance program should be able to grow with your portfolio.
Single Rental Properties
Whether you’re renting out your first investment home or a property you previously occupied, we’ll help you explore coverage designed for its current use.
Multiple Rental Properties
Investors with several rental homes may have different insurance options available depending on the number, location, value and occupancy of their properties.
Growing Portfolios
As you acquire or sell properties, your insurance needs can change. Regular reviews can help keep your coverage aligned with your current portfolio.
D&E Insurance Group can work with Arizona landlords and real estate investors to review multiple properties and explore available insurance options as their portfolio changes.
Not every property fits neatly into a standard homeowners or landlord insurance policy.
Vacant Properties
Homes that remain vacant for an extended period can have different risks and insurance requirements than occupied properties. Specialized coverage may be available depending on the situation.
Properties Under Renovation
A property being renovated before it’s sold, rented or occupied may require different coverage depending on the extent of the work and how the property is being used.
Non-Standard Dwellings
Certain homes may not qualify for a standard homeowners policy because of occupancy, condition, ownership structure or other underwriting considerations.
If your property doesn’t fit a traditional homeowners or rental property policy, D&E Insurance Group can help you explore available specialty dwelling options from our insurance markets.
Common questions Arizona landlords and real estate investors ask about insuring rental properties.
What is rental property insurance?
Rental property insurance, sometimes called landlord or dwelling insurance, is designed to protect residential property that you own and rent to others. Coverage can include the dwelling, landlord-owned property, liability and eligible loss of rental income.
Can I use homeowners insurance for a rental property?
A standard homeowners policy is generally designed for an owner-occupied residence. If a property becomes tenant-occupied, the change in occupancy can affect coverage and eligibility, so the insurance carrier should be notified.
Does rental property insurance cover my tenant’s belongings?
Generally, a landlord policy doesn’t insure a tenant’s personal belongings. Tenants can purchase their own renters insurance for personal property and personal liability protection.
What is loss of rental income coverage?
Depending on the policy, coverage may be available for eligible lost rental income when a covered property loss makes the rental home uninhabitable during covered repairs.
Can I insure multiple rental properties?
Yes, depending on carrier eligibility and the properties involved. Investors with multiple rentals may have different insurance options based on the size and characteristics of their portfolio.
What if my rental property becomes vacant?
Vacancy can affect insurance coverage and eligibility. If a property will be vacant for an extended period, specialized vacant dwelling coverage may be needed.
Does rental property insurance cover flood damage?
Standard rental property policies generally don’t cover flooding caused by rising or overflowing surface water. Separate flood insurance may be available.
Can D&E help insure an investment property portfolio?
Yes. D&E Insurance Group can help Arizona landlords and real estate investors compare available insurance options for individual rental homes and multiple-property portfolios.