Florida Landlord Insurance

Owning rental property can be an excellent investment. But making sure you’re covered against damage and/or loss is essential to protecting not only that investment, but your assets and financial future, as well. Your Strassman Insurance Group agent can work with you to write a Florida landlord insurance policy that provides the right amount of coverage.




What does Landlord Insurance Cover?

Dwelling protection – This covers your rental property and the structures attached to it – such as a deck – if damaged or destroyed.

Other structures protection – Covers garages, sheds and other buildings that are separate from the main dwelling.

Liability coverage – Provides coverage if you’re sued and found liable after an accident, damage or loss related to your property. 

Fair rental income coverage – Helps pay the rental income you would otherwise lose if your property becomes uninhabitable due to a covered loss and your tenants have to move out.

Premises medical protection – Helps pay for reasonable and necessary medical expenses if someone is injured in an accident on your rental property.

Vandalism coverage – Add-on insurance that can help cover the cost to repair or replace what was damaged.

Burglary coverage – Add-on insurance that can help pay for repairs or replacements needed due to loss from a break-in.

Rental property under construction – Add-on insurance that can help cover a dwelling before it’s ready for occupancy.

Building code – Add-on insurance that helps cover the increased cost of enforcing any building codes, ordinances or laws regulating the construction, reconstruction, maintenance, repair or demolition of your dwelling.


Landlord insurance provides the following types of reimbursements for loss:

Actual Cash Value – This may be lower than the cost to repair or replace your damaged rental dwelling. You may be required to purchase an Actual Cash Value policy based on the age and condition of your rental property.

Building Structure Reimbursement – This typically means your dwelling is covered for more than the actual cash value – up to your policy limits – if you repair or replace the damaged property within the required time period. Your rental property must meet age and condition requirements to be eligible.


Being a landlord is a big responsibility. Your Strassman Insurance Group agent can answer your insurance questions and give you the peace of mind to focus on other aspects of your property investment.

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