Landlord insurance covers a dwelling that is being rented out to others. Landlord insurance is also known as Rental Dwelling Insurance. Structures that range from a single family dwelling to the size of a four-plex, can be written on a typical rental dwelling policy on many personal lines companies.
The cost of insuring a rental property depends on the underwriting factors of the dwelling and the insured as well as the needed coverage for the property
A landlord policy covers items such as the structure of the home, liability and loss of use.
Homeowners insurance on a rental dwelling can be more expensive due to the fact that the persons residing in the dwelling are not the named insured, it is non-owner occupied.