Types of rental property insurance
We’ve created a rental dwelling policy and rental condo policy to help protect your valuable property, help shield you from liability claims, and even provide lost rental income for losses resulting from covered claims.
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What sets State Farm® Rental Property Insurance apart?
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What kind of rental property insurance do you need?
Insurance for rental homes
A rental dwelling policy helps pay for property damage, injury and liability claims made against you, and could even include loss of rental income for losses resulting from covered claims.
Insurance for condo rentals
A rental condo unitowners policy will help protect your property, furnishings, liability, and could even make up for lost rents for losses resulting from covered claims.
Insurance for apartment owners
Insurance for landlords can provide coverage for property, liability, loss of income and more. It can be customized to fit your needs.
Frequently asked questions about rental properties, home rental, and condo rental
A rental property insurance policy may cover tenant damage in some situations. Accidental damage by a tenant is often covered. However, intentional damage or normal wear-and-tear is often excluded in most policies.
Numerous variables are at play with this question. Check with your State Farm agent about what your policy helps cover.
In most cases, homeowners policies do not cover rental properties. You would likely need a separate policy to help provide the right coverage.
It depends on what type of dwelling you are renting and how much coverage you might need. If the unexpected happens, you’ll need to consider how much protection you’d want for property damage, injury and liability claims made against you, even loss of rental income for losses resulting from covered claims.
Get a local agent who gets you
There’s a State Farm agent nearby ready to offer personalized service to help fit your specific needs.
Additional insurance options
Homeowners insurance
Coverage for your home
Condo insurance
Coverage for your condominium
Renters insurance
Coverage for your stuff as a renter
Simple Insights®
Looking for help protecting your rental property? You’ve come to the right place. Articles from Simple Insights draw on over 100 years of State Farm knowledge.
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How to become a landlord and manage a rental property1 Ranking and data from S&P Global Market Intelligence, based on direct premiums written as of 2021.
Actual annual premiums will vary depending on coverages selected, amounts of coverage, deductibles, and other factors. Details of coverage or limits vary in some states. This is only a general description of coverage and not a statement of contract. Coverage is subject to the terms, provisions, exclusions and conditions in the policy itself and in any endorsements.
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Bloomington, IL
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Tallahassee, FL
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Richardson, TX