Landlord Insurance (DP-3)
Landlord insurance (DP-3) covers a property you rent out, protecting the structure, landlord-owned contents and liability, and often adding lost rental income after a covered loss.
- Brand
- Policy type
- Category
- Home & Property Insurance Types
- Released
- Price
- Not published
- VersusAnything Score
- 17/100
Key features
- Covers rented-out property
- Lost rental income option
- Landlord liability
Best for owners who rent out a house or unit to tenants.
landlord insurance specifications
| Who it is for | Owners of rental properties |
|---|---|
| Covers the building | Yes, open perils |
| Covers your belongings | Only landlord-owned items (appliances, furnishings) |
| Personal liability included | Yes, as landlord |
| Typical annual cost (US, approx.) | Roughly $2,200-$3,000 per year |
| Cost tier (1 = cheapest) | 4 |
| Who requires it | Mortgage lenders on rental properties |
| Loss of use / temporary housing | Fair rental value (lost rent) instead |
| Common exclusions | Tenants' belongings (they need renters insurance), flood, earthquake, intentional tenant damage in some policies |
Score breakdown
- Overall (100%)
Scored against every property insurance policy in our database using the home & property insurance types weighting.
Pros and cons
Pros
- Covers rented-out property
- Lost rental income option
- Landlord liability
Cons
- Weaker overall score (17/100 within home & property insurance types)
Compare landlord insurance against
Alternatives to landlord insurance
- Homeowners Insurance (HO-3) 17/100
- Renters Insurance (HO-4) 100/100
- Condo Insurance (HO-6) 67/100
Sources
- landlord insurance: Policy type official (manufacturer)
Specifications last verified: 2026-10-01. Prices are launch or official list prices in US dollars unless stated. See our sources and data policy.