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Importance of Being Insured with an Investment Owner/Landlord Policy

Landlord insurance papers on a desk. Homeowner’s insurance is a type of insurance that is frequently bought by individuals who own a home. Homeowners insurance provides coverage for damages to your home and personal belongings, as well as liability claims against you and loss of use of your home due to a covered event. Landlord insurance is a type of insurance that offers protection against the specific risks that come with renting out a property. The potential risks for property owners include damage to their property caused by tenants, loss of rental income due to property damage or tenant eviction, and liability claims that may arise from tenant injuries or property damage.

Investment owner/landlord insurance protects against the potential risks and legal responsibilities associated with renting out your property. Landlord insurance can provide comprehensive protection for owners of rental properties. Landlord insurance is a type of insurance policy that is specifically designed for rental properties that are not owner-occupied. It provides coverage for certain features of your rental properties that may not be covered by other types of insurance policies. Landlord insurance covers certain things, including:

  • Personal property owned by the landlord that is used to maintain or service the rental property, such as appliances or tools.
  • Liability coverage to help pay for medical and legal fees.
  • Property damage or loss of rental income caused by natural disasters, such as fire, storm, or flood.
  • Tenant-related risks, such as rent default, unauthorized alterations to the property, or theft by a tenant.


It is critical to thoroughly review the terms of a landlord insurance policy. You can avoid surprises or unexpected fees in the case of a claim by understanding the policy’s terms. Know what is and isn’t covered, as well as any limitations or exclusions that may apply.

Landlord insurance premiums may be tax-deductible as an expense related to the rental property, allowing landlords to deduct the cost from their taxable income. However, the rules around deductibility can be complex and the amount can be limited by other factors. To determine if landlord insurance premiums are tax-deductible, it’s recommended that landlords consult with a qualified tax professional or refer to official IRS guidance.


At Real Property Management Empire, we are aware of the significance of safeguarding your investment and take this responsibility seriously. We can assist you in locating the appropriate insurance policy for your needs, so ensuring that you and your inhabitants have adequate protection against the unknowable. Our extensive property management services in Valrico are intended to minimize the amount of money you spend, increase the amount of money you make, and safeguard your investment in real estate for many years to come. Please don’t hesitate to get in touch with us now at 813-867-7300 or on our website if you have any questions concerning the property management services that we provide.

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