Secure Your Investment | Landlord Insurance for Your Rental Property

Real estate and rental property owners have unique risks. These risks require coverage that is often excluded in a standard homeowners policy. Landlord policies are also known as Fire Dwelling Insurance or Lessor's Risks. Landlord policies are designed specifically for the needs of property owners by providing specialized coverage tailored to rental property ownership.

Landlord policies typically offer coverage for the building, loss of income, personal property, liability coverage, and more. For added protection and higher limits of insurance, landlords may want to consider an umbrella policy. Having sufficient coverage for both the building and rental income is crucial so that income from rental properties continues even if they are damaged to where they cannot be rented.

Landlord Insurance

Narrows Insurance Provides Rental Property Insurance in Northwest Washington Including: Gig Harbor, Tacoma, Kent, Auburn, Port Orchard and all of the Greater Seattle Area

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Important Landlord Insurance Coverages

  • Dwelling Limit (Rebuild Cost of Home)
  • Other Structures (Any detached structures)
  • Personal Property
  • Loss of Rental Income
  • Personal Liability
  • Medical Payments to Others
  • Ordinance or Law

Types of Rental Properties We Insure

  • Single Family Homes
  • Duplex, Triplex, and Quad
  • Apartment Complexes
  • Commercial Rentals (Lessor's Risk)
  • Mixed Use Rentals (Business/Apartment Mix)
  • Vacation Rentals (Airbnb, VRBO, Etc.)

Dwelling Coverage (Rebuild Value)

Property or Dwelling Coverage is the financial safeguard that covers the costs of rebuilding or repairing your rental property in the event of a catastrophe, such as a fire or windstorm.

Other Structures

Other Structures Coverage provides protection for additional structures not directly attached to the rental home. This includes detached garages, sheds, fences, awnings, and other structures.

Personal Property Coverage

If you have furnishings, appliances, and other property in your rentals, this coverage is designed to assist in replacing or repairing these items in the event of a loss, including scenarios like fire, theft, water damage, and more.

Fair Rental Value Coverage/Rental Income

In the event of a covered loss to your rental property, this coverage ensures that you will continue to receive payment for the loss of income from your tenant.

Personal Liability

This coverage comes into play if someone is injured or their property is damaged, and you are found legally responsible. It covers both the cost of damages and the expenses associated with legal defense in such situations.

Medical Payments to Others

This coverage addresses immediate medical expenses for guests who sustain injuries on your property. It is important to note that it does not extend to cover you or any members of your household.

Ordinance or Law

This coverage addresses costs arising from changes in municipal laws or building codes that have evolved since the construction of your structure. It provides coverage for the additional expenses incurred during reconstruction or repair to comply with the updated regulations.

To Conclude

Landlord policies have significant variations in pricing and coverage. This is determined by factors such as policy form, coverage amount, and the type of home being insured.


When it comes to insurance, there is no one-size-fits-all. Each policy should be custom fit to the needs of the insured. Our team of insurance professionals is ready to assess your unique situation and collaborate with you to design a landlord protection insurance plan that ensures full protection at an affordable cost.

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