Rental dwelling insurance

Rental Dwelling Insurance

Owning rental property in Lubbock is different from occupying your own home, and standard homeowners insurance doesn't cover the unique risks landlords face. Rental dwelling insurance protects your investment property, provides liability coverage when tenants or visitors get injured, and covers lost rental income when the property becomes uninhabitable due to a covered loss.

Your policy needs to cover the building structure from fire, wind, hail, and other perils common in West Texas. Lubbock's severe weather patterns make dwelling coverage critical for rental properties, especially since you might not notice damage immediately like you would at your own home. Vandalism coverage protects you if tenants or others damage the property intentionally, which unfortunately happens more often with rentals than owner-occupied homes.

Loss of rental income coverage keeps your cash flow going when a covered event forces tenants out temporarily. If a hailstorm damages the roof so badly that your tenants need to move out during repairs, this coverage replaces the rent you'd otherwise lose. For landlords who depend on rental income to pay mortgages or cover expenses, this protection prevents a disaster from becoming a financial crisis.

Liability coverage protects you when someone gets hurt at your rental property, whether it's a tenant, their guest, or a contractor doing repairs. If your tenant's friend trips on a broken step and sues, your landlord policy covers legal costs and potential judgments. We help you find coverage that accounts for the number of units you rent, property location, tenant type, and your specific risk tolerance. Whether you own one rental house or multiple properties around Lubbock, the right insurance protects your investment and your financial future.