Multiple Rental Property Insurance Maximizes Your Profit Effortlessly

Types of Coverage Available

When it comes to multiple rental property insurance, there are several types of coverage to consider:

• Property Damage Coverage: This covers the physical structure of your rental property, including damages from events like fires, storms, or vandalism.
• Liability Protection: If a tenant or visitor is injured on your property, liability coverage can help cover legal fees and medical expenses.
• Loss of Rental Income: If your property is temporarily uninhabitable due to a covered loss, this coverage compensates you for the lost rental income.
• Optional Add-ons: Depending on your needs, you might consider additional coverage options such as flood insurance or coverage for personal property left on-site for maintenance purposes.

Cost Considerations and Discounts

The cost of multiple rental property insurance varies based on factors such as the location of your properties, the value of the properties, and the coverage limits you choose. On average, landlords can expect to pay between 15% to 25% more for a landlord policy than a standard homeowner’s policy². However, many insurance providers offer discounts for bundling multiple policies, installing safety features like smoke detectors, or maintaining a claims-free history³.