Protecting Your Rental Property Investment

Why Landlord (Habitation) Insurance is Essential for Anyone Renting Out a Property

Owning a rental property, or even listing your home on Airbnb or Vrbo, can be a wise and rewarding investment. But it also comes with risks that can quickly turn opportunity into financial loss.

A burst pipe floods the property. A structural failure causes extensive damage. A tenant’s party leads to major repairs. Or worse, a guest is seriously injured.

These are the realities of rental ownership and why the right coverage is so important. At Patriot Growth Insurance Services (Patriot), we help property owners protect their investments with landlord insurance, also called habitation or rental property insurance.

What is Landlord (Habitation) Insurance?

Landlord insurance is designed specifically for property owners who rent out their residential properties, whether for long-term tenants or short-term guests, through platforms like Airbnb or Vrbo.

Unlike a standard homeowner policy, landlord insurance covers the unique risks of rental properties, which may not be protected under your existing policy. In fact, some homeowners policies can be voided if the property is rented out, leaving you exposed in the event of a claim.

Why It Matters

Without the right coverage, a single incident could result in:

• Significant repair or replacement costs
• Lawsuits and liability claims
• Loss of rental income during repairs or downtime
• Long-term damage to your financial stability

What Landlord Insurance Typically Covers

A well-structured policy can address multiple risks, including:

• Property Damage – Protection against damage from fire, storms, vandalism, and other covered events
• Liability Coverage – Protection if a tenant or guest is injured on your property
• Loss of Rental Income – Coverage when a covered loss renders your property uninhabitable
• Tenant Damage – Coverage for tenant-caused damage, such as broken fixtures or intentional harm to the property

Key Considerations When Choosing Coverage

When working with a Patriot advisor, we’ll review:

• Property Details – Age, location, and unique features that may influence coverage
• Additional Coverage – Riders for flood, earthquake, emergency repairs, or code upgrades after a loss
• Exclusions – Understanding what’s not covered and how to fill any gaps
• Deductible Options – Balancing affordability with comprehensive protection
• Claims Process – Ensuring a smooth experience and timely reimbursement

The Patriot Difference

At Patriot, we take the complexity out of protecting your rental investments. Our experienced team works with top carriers to deliver coverage that’s competitive, comprehensive, and tailored to your specific needs.

Don’t leave your investment vulnerable. Contact Patriot at contact@patriotgis.com to connect with a knowledgeable advisor and explore the right coverage for your property.