Landlord insurance secret minimizes rental property nightmares instantly
Cost Considerations
The cost of landlord insurance varies based on several factors, including the property's location, size, and value, as well as the level of coverage you choose. On average, landlord insurance costs about 15-25% more than a standard homeowner's policy due to the increased risks associated with rental properties1. However, many insurers offer discounts for bundling policies or installing safety features like smoke detectors and security systems. It's advisable to compare quotes from multiple providers to find the best deal that fits your budget and coverage needs.