Landlord Insurance in New York State for Rental Property Peace of Mind

Smart Coverage for the Properties & Tenants You Rely On
Keys in a door lock, with the door ajar and a blurred green background.

Why Landlord Insurance Matters in New York

Owning a rental property means more than collecting rent-it means managing risks. Whether it's a broken pipe, a tenant injury, or a long vacancy, landlord insurance helps protect your investment. We work with property owners to build flexible coverage for single-family homes, duplexes, and small multi-units.

Three Ways We Help
A man and a woman are walking in front of a house holding hands.

Rental Property Coverage That Works in the Real World

1. Protection for the Structure Itself
Your policy can cover the building, attached structures, and systems like plumbing and HVAC-whether your property is occupied or vacant.

2. Loss of Rental Income Coverage
If your property is damaged and your tenants can't stay there, we can help replace lost rental income while repairs are underway.

3. Landlord Liability Insurance
If a tenant or visitor gets hurt on your property, liability coverage can help pay medical bills or defend you in court.

A man is standing next to a woman and a man in an empty room.

What's Typically Covered

  • Physical structure of the home or rental unit
  • Loss of rental income after a covered claim
  • Liability coverage for tenant or guest injuries
  • Damage from fire, wind, hail & vandalism
  • Appliances provided by landlord (fridge, stove, etc.)
  • Legal defense in covered liability claims
Two people carrying boxes and a plant, moving into a rental house with a

Common Add-Ons & Options

  • Tenant Move Back Coverage - Covers costs to relocate tenants after major damage
  • Ordinance & Law - Helps with code upgrades during repairs
  • Water Backup Coverage - Protection from sump pump failures or drain backups
  • Equipment Breakdown - Covers heating, cooling, and mechanical systems provided by you
  • Vacancy Endorsement - Maintains limited coverage during tenant turnover

Who Needs This Coverage?

If you own a property that you rent out-even part-time or seasonally-you need landlord insurance. A standard homeowners policy won't cover tenant-occupied homes or liability related to rental activity.

Local Risks to Consider

  • Frozen pipes or heating system failures in winter
  • Tenant-caused kitchen or electrical fires
  • Liability from falls on icy walkways
  • Wind or storm damage to siding & roofing
  • Loss of rent after storm or water damage

We've helped landlords across New York prepare for exactly these kinds of claims.

Moving boxes, backpack, and artwork on a wooden porch outside a wood-clad building with large windows.

FAQs

  • Is landlord insurance required by law?

    No, but if you have a mortgage on the rental property, your lender will likely require it. Either way, it's critical to protect your investment and legal liability.

  • Can I cover multiple properties?

    Yes. Many carriers offer multi-property landlord policies or portfolio pricing. We'll help you bundle or separate coverage based on what makes sense.

  • What if the home is vacant?

    Standard policies may exclude certain claims if the home is vacant for too long. Let us know-we can help add vacancy protection if needed.

  • Does it cover damage caused by tenants?

    It depends. Sudden, accidental damage may be covered, but neglect or intentional acts usually aren't. We'll explain what's included-and what's not.

  • Can I require my tenants to carry renters insurance?

    Absolutely. It's a good way to reduce your liability and ensure tenants have protection for their belongings. We can even help them get covered.

Ready to Cover Your Rental?

Let's build a landlord insurance policy that protects your property, your income, and your peace of mind. Reach out today for a custom quote that fits.