Landlord Insurance
Whether you have one rental or 20, protecting your property and your rental income is a necessity. Landlord insurance — sometimes referred to as rental property insurance — covers property owners and landlords from financial losses caused by property damage and liability. Landlord insurance typically covers the building itself and other structures on the property, like sheds and fences. It helps you protect your investment.
Why Choose Texell Insurance for Your Landlord Insurance
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Trusted: Our local insurance agents will help determine your insurance needs.
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Independent: We are not limited to one insurance brand. We’ll find the best insurance carrier and insurance policy to meet your unique needs.
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The Best Rates: Because we can shop around, we find you the very best rate, every time.
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Personal Attention: Before your policy renews, we check to see if you still have the best deal.
Texell Insurance is an affiliate of Texell Credit Union. Our agents are ready to protect your investment property and your income.
Frequently Asked Questions:
What is landlord insurance?
Landlord insurance is an insurance policy for individuals who own and rent out one or more properties. A landlord policy covers the property owner from damage and loss associated with renting the property to tenants.
What does landlord insurance cover?
While landlord insurance policies can differ, most policies cover damage to your rental property, lost income if your property is damaged and can’t be rented for a time, and liability insurance. Liability insurance helps cover expenses associated if someone is injured on your property or if you’re responsible for damage to your renter’s property.
Landlord insurance does not cover your tenants’ belongings or any maintenance on your rental property. Because landlord insurance only protects the landlord’s assets, you should encourage your tenants to purchase renters insurance (also available from Texell Insurance) to protect their personal items.
Is landlord insurance different than homeowners insurance?
Yes! Homeowners insurance covers your primary residence or the home you live in. Homeowners insurance does not cover rental properties. Landlord insurance covers property that you intend to rent to others regularly.
Is landlord insurance required?
If you have a loan on your investment property, your lender might require landlord insurance during the life of the loan. Even if you are not obligated to have insurance on your rental property, it’s strongly advised to have a policy in place. Renting your property will always expose you to financial and liability risks. A landlord policy will protect you and your investment.
Texell Financial, LLC is a wholly-owned subsidiary of Texell Credit Union. Insurance products are not issued, guaranteed, or underwritten by Texell Credit Union or Texell Financial, LLC and are not insured by the NCUA.
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