Landlord Insurance in Philadelphia, PA & New Jersey

Renting out a property is a business. Landlord insurance helps protect your building, your liability and your rental income when the unexpected happens - placed by a local, independent agent who compares carriers for you.

What is landlord insurance?

Landlord insurance (sometimes called a rental dwelling policy) is coverage designed for property you rent out to tenants. It typically helps protect the building itself, your liability as a property owner, and the rental income you could lose if a covered event makes the property unrentable.

A standard homeowners policy is built for a home you live in – it generally isn’t the right fit once you have tenants. That’s why owners of single-family rentals, duplexes, multi-unit buildings and apartment properties turn to landlord coverage instead.

What landlord insurance typically covers:

Building & structure – helps protect the physical rental property from covered events like fire, wind, hail or vandalism.
Landlord liability – helps cover claims if a tenant or visitor is injured on your property and you’re found responsible.
Loss of rental income – helps replace rent you lose while a covered loss makes the unit uninhabitable and under repair.
Other structures – detached garages, fences and other structures on the property can be included.
Landlord-owned contents – appliances and furnishings you provide, such as in a furnished rental, can be covered.
Optional add-ons – consider adding coverage such as a landlord umbrella for higher liability limits.

Coverage varies by policy and property type – we’ll help you build the right protection for your rental.

Landlord insurance vs. homeowners insurance

A standard homeowners policy is designed for a home you live in, while landlord insurance is built for a property you rent to tenants. Both cover the building, but only landlord coverage is designed for rental exposure.

Landlord liability: Homeowners insurance is not designed for rental exposure; landlord insurance includes it.

Loss of rental income: Not part of a homeowners policy, but usually available on a landlord policy.

Tenant’s belongings: Not covered by either policy – tenants need their own renters insurance. A common tip for landlords is to require your tenants to carry it, which protects their belongings and helps reduce disputes after a loss.

Coverage for every kind of rental: single-family home rentals, duplexes and multi-unit buildings, apartment properties, condos you rent out, rental portfolios across PA and NJ, and short-term or seasonal rentals (ask us about options). Whether you own one unit or several, we can help – call 215-742-3743.

Why work with Insure Me Philly

Local independent agents – Philadelphia-based advisors who understand PA and NJ rental properties.
Multiple carriers – we compare landlord and rental dwelling options across carriers to match coverage and value.
Portfolio-friendly – one unit or many, we help organize coverage so it’s easy to manage.
One point of contact – add a property, update a policy or file a claim with a local agent who knows your account.

Landlord insurance FAQ

What does landlord insurance cover? Landlord insurance typically helps cover the rental building itself from covered events, your liability as a property owner, and lost rental income while a covered loss makes the property uninhabitable. Coverage details vary by policy and property.

Do I need landlord insurance if I already have homeowners insurance? Yes – a standard homeowners policy is designed for a home you live in and generally isn’t suited to a property with tenants. Once you rent out a property, a landlord (rental dwelling) policy is usually the appropriate coverage. We can help you make the switch.

How much does landlord insurance cost? Cost depends on factors like the property’s location, size, condition, the coverage limits you choose and your claims history, so it varies from property to property. We compare carrier options after reviewing your details rather than quoting a rate up front.

Does landlord insurance cover my tenant’s belongings? No. Landlord insurance covers your building and your interests, not a tenant’s personal property. Tenants should carry their own renters insurance – many landlords require it in the lease.

Can I insure a multi-unit or apartment building? Yes. We place coverage for duplexes, multi-unit buildings and apartment properties, as well as single-family rentals and portfolios across Pennsylvania and New Jersey.

Get a landlord insurance quote

Tell us about your rental property and we’ll compare coverage options from multiple carriers.

Request a free quote or call us at 215-742-3743 to talk with a local agent about landlord insurance for your rental.

Terra Insurance – your local partner for Pennsylvania and New Jersey rental property coverage.

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Landlord Insurance in Philadelphia, PA & New Jersey

What is landlord insurance?

Landlord insurance vs. homeowners insurance

Why work with Insure Me Philly

Landlord insurance FAQ

Get a landlord insurance quote

Insurance Quote Request

Title of the service

Risk Factor

Solution

Landlord Insurance in Philadelphia, PA & New Jersey

What is landlord insurance?

Landlord insurance vs. homeowners insurance

Why work with Insure Me Philly

Landlord insurance FAQ

Get a landlord insurance quote

Insurance Quote Request

Title of the service

Risk Factor

Solution

Note:

Title of the service

Risk Factor

Solution

Note: