What does the landlord’s insurance policy cover?

A landlord policy typically covers any physical damage to the home that's caused by fire, bad weather or criminal activity such as a break-in. It also covers any additional buildings, including a shed or detached garage. Equipment, like lawn mowers and snow blowers kept on the property to maintain it, is also covered.

Rental Property Insurance: Tips & Advice

How much does landlord insurance cost in Florida?

The average annual cost of Florida landlord insurance is $2,340, while the national average is about $1,957 per year. Learn what factors affect the price of Florida property insurance, why you need it, and how to find the best coverage at the lowest cost for your rental properties.

How much is rental property insurance in Florida?

The average cost of renters insurance in Florida is $211 a year, or about $18 a month, according to NerdWallet's rate analysis. That's more than the national average of $179.

Is landlord insurance required in Florida?

Florida landlord insurance is not required by law. However, it is essential to shield you against financial losses that can occur as a result of natural disasters, accidents or liability issues arising from renting your home or property to others.

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What insurance is a landlord responsible for?

Landlord insurance typically provides coverage for the structure of the home, and also includes liability coverage that may help prevent you from paying out of pocket if you are found at fault in certain situations.

What Kind of Insurance Do I Need on My Rental Property?

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