Landlord insurance

Landlord Insurance

Renting out property in Lubbock creates different risks than living in a home yourself, and landlord insurance covers exposures that homeowners policies specifically exclude. Your policy protects the building structure, covers liability when tenants or visitors are injured, and can include coverage for lost rental income when the property becomes uninhabitable due to covered damage.

Property coverage protects your building from fire, wind, hail, vandalism, and other covered perils. Lubbock's weather hits rental properties just as hard as owner-occupied homes, but you might not discover damage as quickly when you're not living there. Vandalism coverage matters more for rentals because unfortunately, some tenants cause intentional damage when they're angry or being evicted. Your policy should cover both the building and any appliances, tools, or equipment you provide for the property.

Liability coverage is crucial because property owners face significant exposure when tenants or their guests are injured on the premises. If faulty wiring causes a fire that injures tenants, if someone falls on broken steps, or if a tenant's guest is hurt due to property conditions, you could face substantial legal claims. Your landlord policy's liability coverage protects your personal assets and covers legal defense costs even when claims lack merit.

Loss of rental income coverage replaces rent you can't collect when covered damage makes the property uninhabitable. If a pipe freezes and floods the property, forcing tenants out during repairs, you're still paying your mortgage but receiving no rent. This coverage bridges that gap, maintaining your cash flow during the repair period. We'll help you find landlord coverage appropriate for your property type, number of units, tenant profile, and whether you use professional property management or handle everything yourself, ensuring comprehensive protection without duplicate coverage or unnecessary gaps.