Landlord Insurance Coverage

Tax Deductible Landlord Insurance

While landlord insurance isn’t required in every state, Roderick Crabbe Insurance Inc recommends it as a smart investment to protect you and your assets when it comes to expenses related to water damage, legal fees, and more. Rental property isn’t covered by a traditional home insurance policy. From the time a tenant signs the lease, only a policy specifically designed for landlords will cover damage, theft, and vandalism. 

As a business expense, landlord insurance is tax deductible.

Landlord insurance can be complicated. In most instances, it won’t cover the tenant’s private possessions. It will cover the building itself, key mechanical systems, and some of the possessions that you have left in the building such as light fixtures on the walls, window shutters, and major appliances.

These policies usually cover repairs for fire and storm damage and vandalism. If any of the landlord’s personal possessions are stolen from the property, the policy should cover the cost of replacing those items. Before choosing a policy, look closely to list what you want covered by the policy. 

In addition to basic insurance, liability coverage protects you and your assets against most lawsuits. If the lawsuit goes to trial and you’re found guilty, the policy will pay expenses like fines, medical bills, and funeral costs. 

Let us personalize a landlord policy for you that keeps your premiums at a reasonable rate. Call to sign up for a landlord policy today.

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