Shop & Save Instantly On Florida Landlord Insurance

Landlord insurance covers rental properties you own but don’t live in. It protects against damage to the building, liability claims, and sometimes loss of rental income if the home becomes unlivable.

Not by law. But if you have a mortgage on the rental, your lender will likely require it. Even if it’s paid off, going without coverage in Florida—with hurricanes, sinkholes, and tenant risk—is a major gamble.

Homeowners insurance is for primary residences. Landlord insurance is built for rentals—it covers tenant-caused damage, legal liability, and sometimes loss of rent. A standard home policy may deny claims on a rented property.

Yes. In Florida, you can make renters insurance a lease requirement. It helps reduce disputes and covers tenant belongings, which your landlord policy won’t.

If you add loss of rents coverage, yes. It can reimburse you if your property becomes uninhabitable due to a covered loss—like fire or storm damage. This doesn’t cover missed rent if a tenant simply doesn’t pay.

Typical policies include:

• Dwelling protection (structure of the rental)
• Landlord liability (injuries or damage tenants cause)
• Legal costs if you’re sued
• Optional coverage: loss of rent, vandalism, appliance breakdown, etc.

• Tenant belongings (that’s renters insurance)
• Normal wear and tear
• Flood damage (requires separate flood insurance)
• Loss of income from tenant non-payment
• Mold or sewer backup unless specifically added

It depends on the value of the property, what you rent it for, and how much risk you’re willing to take. You’ll want enough to rebuild the home and cover liability exposure—especially in a litigious state like Florida.

It protects you if a tenant or visitor is injured on your property and blames you. It can cover legal fees, settlements, and medical bills. Slip-and-falls, faulty stairs, or dog bites—these are real risks.

No. Standard landlord insurance won’t pay for flood damage from rising water. If your rental is in a flood-prone area, you’ll need a separate flood policy through NFIP or a private carrier.

The state doesn’t require it, but lenders might. Either way, it’s essential. Even one uninsured disaster—fire, hurricane, or lawsuit—can cost far more than the annual premium.

• DP-1: Basic coverage, named perils only (cheapest, most limited)
• DP-2: Covers more perils, often includes loss of rents
• DP-3: Most comprehensive—open perils for the structure, often best for long-term rentals
  Most Florida landlords go for DP-2 or DP-3 for better hurricane and liability protection.

• Bundle with other policies
• Increase your deductible
• Add wind mitigation features (storm shutters, reinforced roof)
• Keep the property well-maintained
• Install monitored alarms or security systems
• Choose higher coverage only where it matters

It pays for lost rent if your unit becomes unlivable after a covered event. For example, if a hurricane damages the roof and your tenant has to move out, this coverage can reimburse missed rent while you repair the property.

Coverage can vary a lot in Florida. Some carriers exclude wind or water damage unless you add endorsements. Rates also change by region. Comparing quotes ensures you’re not overpaying—or underinsured.