rental house insurance

Is rental house insurance different than owner-occupied insurance? Is the premium higher or lower?

Right now my rental is still carrying the owner-occupied insurance (I used to live there, just moved out and will have tenants coming in next week) but now I need to switch over to landlord insurance.

Can someone give some specifics about this? I dont’ know too much about it.


Yes, landlord insurance is different that homeowner’s insurance. In fact, your homeowner’s insurance likely won’t cover the property if the property is a rental. Landlord insurance not only covers the property as a rental, it usually also provides landlord liability. I use Foremost Insurance. You can find them at

Good Luck,


I’ve found the prices of dwelling policies (tenant occupied, aka DP3 policies at least in my experience) vary wildly. After a recent extensive search and revamp of insurance on my 2 SF rental townhomes, my rates dropped from $850/year each to $450/year each and I got much better coverage (went from cash value to replacement cost and upped the liability from $300K to $500K). The insurance company was Selective Insurance, an A+ rated company.

I learned my lesson, to REALLY shop around, not just make a token “get 3 quotes” effort.


When I turned my home into a rental my premium went up 50% and only covers liability, fire and 5k in any personal property!

If you want to see coverage shrink and premiums go up just file a claim.
We filed claims on all roofs last year due to a major hailstorm. 70% of the roofs in town were damaged or destroyed.

All our roofs but one had damage. After the replacement roof checks were issued, I received notices from Colonial General Insurance, our carrier. that hailstorm deductible is now $2500/roof. That’s $2500 on a 500 Sq. Ft. cottage, as an example. So there is no coverage, that’s more than the cost of a roof.

So I am looking for other insurance. Some companies declared it a disaster, Farmers Insurance elected not to. If it is a disaster, apparently they don’t raise your premium. If they decide NOT to call it a disaster, they can raise premiums just like they do for people who file on every little thing.

Still have 1 complex of roofs to complete. It has been a huge job filing all those claims, getting bids, supervising, etc. Now I may have to sue a roofer due to not completing the job in more than a year. We got $70K or so in roof checks. It has been a big hassle but almost all roofs are newly done.

Old-timers here never pay for a new roof. They say that a huge hailstorm happens every 15 years or so. So just file a claim.