Landlord Insurance for Rental Property

Member since 2024 · 5 posts · 3 votes

I had arranged landlord insurance coverage for my rental property, but when I questioned my insurance agent I learned that it did not cover STR (short term rentals), or rental terms of less than 12 months.

I identified an insurance company(American Modern Insurance) for rentals of any term length but they do not want to provide coverage if the house is rented to students.

Ideally I am looking for an insurance policy that covers rental terms of any length and has no conditions on who I rent to.

Are there any recommendations?

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Ray WilliamsBusiness Member
Lender · Denver, CO · Member since 2017 · 181 posts · 83 votes
2y
Check with Steadily. We are in an area where brush fire complicates insuring the STRs so Steadily is who I worked with on my last one and it has STR coverage.
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Owen RosenBusiness Member
Professional · Clinton Township, MI · Member since 2015 · 725 posts · 272 votes
2y
Quote from @Michael Greco:

I had arranged landlord insurance coverage for my rental property, but when I questioned my insurance agent I learned that it did not cover STR (short term rentals), or rental terms of less than 12 months.

I identified an insurance company(American Modern Insurance) for rentals of any term length but they do not want to provide coverage if the house is rented to students.

Ideally I am looking for an insurance policy that covers rental terms of any length and has no conditions on who I rent to.

Are there any recommendations?

Work with a broker...but you'll always have to identify how and changes to how you use a property. That's how they price the risk.
Royal Oath Insurance Group4.9211 Reviews
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