3 Best Landlord Insurance Companies of 2022

Anybody that wants to rent out a home to tenants or has an investment property may want to look into getting a good landlord insurance policy. These policies are also called rental property insurance and are designed to protect landlords that have apartments, rental homes, duplexes, fourplexes, condos, townhomes and more. Landlord insurance will cover the structure of the home, liability, and the owners personal property used to maintain the home.

3 Best Landlord Insurance Companies

At Eugene C Yates Insurance Agency we have access to the top rental property insurance companies in the nation and we’ve been around since 1946. Our experience and network has show us who some of the best landlord insurance companies are. Please keep in mind some rental property insurance companies may be better for your situation than others. It really comes down to the features you need and what suits your lifestyle best.

Our top 3 rental property insurance providers are:

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1) Travelers Landlord Insurance:

• AM Best Rating: A++
• BBB: A

Travelers insurance company has been around since 1864. Travelers is one of the top insurance companies and that’s pretty apparent by the amount of time they’ve been around. Their financial strength rating is incredibly high at A++ or superior with AM Best. 

Travelers has been insuring landlords with quality policies for a very long time. In addition to the landlord insurance policies they offer they also have great coverage for auto and homeowners. Travelers landlord insurANce policies can include coverage for the dwelling of your home, other structures, liability, medical payments, legal fees, loss of rent and property protection for the landlords personal items used to maintain the home.

Pros and Cons of Travelers Rental Property Insurance

Pros:

+ Has the most experience out of all insurers in this review
+ Includes a $1,000 limit to help pay medical expenses if a visitor is injured on the property, as long as you purchase liability coverage
+ Offers additional policies for umbrella insurance to extend your liability coverage

Cons:

– Has lower ratings on its Android mobile app than many competitors
– Doesn’t offer coverage for mobile or manufactured homes

2) Liberty Mutual Landlord Insurance:

• AM Best Rating: A
• BBB: B

Liberty Mutuals AM Best rating may seem high but in reality a rating of A or excellent is lower compared to a lot of other insurance providers. Liberty Mutual Insurance is a very well establish insurance company with a well of experience and knowledge. With over 100 years of experience they have learned a thing or two about great insurance. 

Liberty Mutual insurance agents at Eugene C Yates Insurance Agency can help you to customize your policy to fit what you need most. Landlord insurance policies through Liberty Mutual may have dwelling coverage to protect the structure of the home, liability if someone is hurt or injured on your property, storm damage and severe weather are covered and more. 

Pros and Cons of Liberty Mutual Rental Property Insurance

Pros:

+ Includes a unique inflation protection add-on, which automatically raises your dwelling coverage each year to account for inflation
+ Offers early-shopper discounts if you get a quote before your current policy expires
+ Provides 24-hour claims assistance

Cons:

– Has fewer additional coverage options than many competitors
– Has a lower BBB rating than other providers in this review

3) USAA Rental Property Insurance:

• AM Best Rating: A++
• BBB: A+

When you are dealing with USAA remember they are one of the best insurance and financial services companies around. They offer banking, loans, auto insurance, homeowners insurance and a lot more. USAA was founded in 1922 and has an amazing BBB rating at A+. They are know for excellent customer service, online chat, membership portal, and a laundry list of insurance discounts. 

Pros and Cons of USAA Rental Property Insurance

Pros:

+ Includes a 25% discount on tenant screening services
+ Covers vandalism in its standard policy, which must be purchased as an add-on with some other providers
+ Provides flood insurance policies for extra coverage on flood damage

Cons:

– Available only for military members and their families
– Requires you to sign up for a membership before getting quotes and cost information

Rental Property Insurance Quote

If you would like to compare all 3 of these landlord insurance providers or get a quote for your favorite one, please give us a call today at 916 313 6100