Best Landlord Insurance Companies:
Liberty Mutual Insurance (Best for Inflation Protection)
Liberty Mutual ranks highly in claims processing services for Landlord Insurance. It is ranked 2nd in a J.D. Power & Associates customer satisfaction survey. Liberty Mutual offers inflation protection coverage to keep up with the rate of inflation. After that, it automatically adjusts your policy limits to keep up with the cost of making repairs to your property.
Allstate (Best for Policy Bundling)
Allstate has numerous service recognitions, including a 4.5 out of 5-star rating for claims processing. This report is from a customer survey conducted by Insure.com. Landlord insurance from Allstate gives an additional discount and also expands your coverage. Allstate Insurance has been in business since 1931. Its policy can be bundled in a package with one of their many other policies, giving you flexibility.
State Farm Insurance (Best for Additional Structures Coverage)
State Farm Insurance, offers insurance throughout the U.S. Founded in 1922, it has a longstanding history of financial strength and excellence in customer service. Also, State Farm offers multiple Landlord Insurance policies with options at reasonable rates. In addition, they offer coverage for additional structures, including garages, storage buildings, swimming pools, fences, retaining walls, and other structures.
ForeMost Insurance Group (Best for the Multiple States)
Foremost is a member of the Farmers Insurance Groups. Similarly, the company offers specialized coverage with flexible policy options. It covers comprehensive property coverage, named peril coverage, optional replacement cost, and agreed loss settlement. In addition to actual cash value, it offers extended replacement costs, and liability. However, the optional coverage choices are loss of rental income, liability limits, personal injury, other structures coverage, repair costs, and water damage for sewers and drains.
American Modern (Best for 10 or More Units)
American Modern specializes in owners insurance for the manufactured housing and specialty dwelling sector. Similarly, the company has been in business since 1965. Moreover, American Modern has options for you whether you need a basic policy for rental properties. In addition, it comes with very little wear and tear or a more specialized policy similar to homeowner’s coverage.
- Comprehensive Coverage
- Flexible Coverage
- 10 or more units coverage
MetLife (Best for Condo Owners)
MetLife founded in 1868 is among the oldest U.S. Landlord insurance companies. Moreover, it offers rental building insurance, which is available for buildings for one to four families. Policy features and benefits include:
- Loss of rental income
- Liability
- Medical payments to others up to $1,000 (more for an additional premium)
- Identity protection services included with each policy
USSA (Best for Military Members)
USAA has been providing coverage to military members and their families since 1922. However, the company provides landlord insurance coverage with several options.
- Income replacement
- Personal liability coverage
- Multi-product discount (save up to 10% when you insure home and auto)
- Fire, theft, vandalism coverage
American Family Insurance (Best Landlord Insurance for Optional Medical Expenses)
American Family Insurance has been recognized by J.D. Power & Associates for excellence in claims handling. Additionally, the optional medical expense coverage fromm American Family is $5,000 per person. This is more than some other providers.
