Landlord Insurance in Florida & Texas

What Is Landlord Insurance?

Landlord insurance (often written as a DP3 policy) is specifically designed for properties you own but don't live in. Unlike a standard homeowners policy, it accounts for the unique risks of tenant occupancy — from liability to lost rental income.

Whether you own a single rental home, a multi-unit building, or a vacation rental, a landlord policy protects the structure, your income, and your personal liability as a property owner.

cottage

Rental Dwellings

apartment

Multi-Family

villa

Short-Term Rentals

real_estate_agent

Condo Investments

Core Coverage Pillars

Essential protections every rental property owner needs.

domain

Dwelling Structure

Covers the cost to repair or rebuild the rental property following fire, windstorm, vandalism, and other covered perils. Includes attached structures like garages.

account_balance_wallet

Loss of Rental Income

Reimburses lost rent when a covered peril makes your property uninhabitable and tenants must vacate during repairs.

shield_person

Landlord Liability

Protects you if a tenant or visitor is injured on your property and files a lawsuit. Covers legal defense costs and medical payments.

FL & TX Risk Environment

cyclone

Hurricane & Windstorm (FL)

Florida landlords face separate hurricane deductibles. Wind mitigation inspections on rental properties can significantly reduce premiums.

thunderstorm

Hail & Severe Weather (TX)

Texas rental properties are exposed to hail, tornadoes, and severe thunderstorms. Roof condition directly impacts eligibility and pricing.

flood

Flood Exclusions (Both States)

Landlord policies never cover flood damage. A separate flood policy is essential for properties in Florida and coastal Texas.

Landlord Insurance FAQs

Answers to the most common questions from rental property owners.

How is landlord insurance different from homeowners insurance?expand_more

Homeowners insurance (HO-3) covers your primary residence and your personal belongings. Landlord insurance (DP3) covers a property you rent to others — it does not cover the tenant's belongings, but it does include loss of rental income coverage, which homeowners policies don't provide.

Does landlord insurance cover tenant damage?expand_more

Standard landlord policies cover sudden and accidental damage caused by tenants (such as an accidental fire). However, intentional damage or normal wear and tear is not covered. Security deposits and proper lease agreements are your first line of defense.

Is landlord insurance legally required in Florida or Texas?expand_more

Neither Florida nor Texas legally requires landlord insurance. However, if you have a mortgage on the rental property, your lender will almost certainly require a dwelling fire policy at minimum. It's also a critical financial safeguard for your investment.

Does landlord insurance cover flood damage?expand_more

No. Flood damage is always excluded from landlord policies, just as it is from homeowners policies. You need a separate flood insurance policy through the NFIP or a private carrier. We can bundle both for you.

What is "fair rental value" coverage?expand_more

Fair rental value coverage reimburses you for lost rent if a covered loss makes your property uninhabitable. It pays the rent you would have collected while the property is being repaired, up to the policy limit and time period specified.