Transform Property Security Instantly Nationwide Landlord Insurance Guide
Real-World Examples and Statistics
According to the Insurance Information Institute, property and casualty insurers paid out $67.9 billion in claims related to property damage in 2022 alone1. This statistic underscores the importance of having adequate insurance coverage to mitigate potential losses.
Furthermore, a study by the National Association of Insurance Commissioners found that the average annual premium for landlord insurance ranges from $800 to $1,200, depending on the property's location and coverage needs2. This cost is a small price to pay for the peace of mind and financial protection it offers.