Top 5 Landlord Insurance Options to Research Before 2027

Owning a rental property can provide a source of income, but it also comes with financial risks. Property damage, tenant-related accidents and unexpected repairs can affect a landlord's investment and rental income. Landlord insurance can help protect against certain covered losses.

As 2027 approaches, property owners may want to compare insurers, policy features and coverage availability. Here are five U.S. insurance options worth researching before choosing a rental property policy.

1. Allstate

Allstate is an option for landlords looking for customizable rental-property protection. Its landlord insurance information highlights coverage limits, deductibles and optional protections that can be adjusted based on the property and the owner's needs.

Features to investigate include:

• Coverage for the rental property's structure.
• Liability protection for covered injury or property-damage claims.
• Fair rental income coverage after certain covered losses.
• Optional protection for vacant properties or buildings under construction.
• Additional coverage options, such as service-line protection.

Allstate also explains how deductibles and coverage limits affect premiums. Landlords should confirm which features are available for their property and state.

2. Steadily

Steadily specializes in landlord insurance and is particularly relevant to owners who want an insurer focused on rental properties.

Its policies may be available for several property types, including single-family homes, multi-family properties, condos, manufactured homes and certain vacant or renovation properties.

Features to research include:

• Online quote options.
• Coverage for long-term rental properties.
• Options for certain short-term rental properties.
• Landlord resources, forms and educational materials.
• Property and liability coverage options.

Steadily may be worth exploring for first-time landlords who want rental-property-specific resources. However, its coverage terms, eligibility and policy availability should be checked for the specific property.

3. Travelers

Travelers offers landlord insurance designed for owners of residential rental properties, including single-family homes and properties with up to four units.

Its coverage options can include:

• Protection for the rental building against covered damage.
• Coverage for other structures, such as detached garages and sheds.
• Protection for certain landlord-owned appliances and furnishings.
• Premises liability coverage.
• Medical payments coverage when included under the policy.
• Loss-of-rental-income protection after a covered loss, subject to policy terms.

Travelers may be relevant to landlords with duplexes, triplexes, four-unit properties or rental condominiums. Owners should confirm the property's eligibility and available limits with an agent.

4. American Family Insurance

American Family is another company to research when comparing landlord insurance quotes. Its landlord insurance offering includes online quote options in eligible areas, as well as access to an agent network.

Points to investigate include:

• Available rental-property coverage.
• Property and liability protection.
• Online quote and claims services.
• Optional umbrella insurance.
• Agent assistance and landlord-related resources.

One important consideration is availability: American Family's landlord insurance is not offered in every state. Check whether the company currently accepts the property's location and type before comparing prices.

5. State Farm

State Farm is worth considering for landlords who already have insurance policies with the company or want to explore managing multiple insurance needs through one provider.

Areas to compare include:

• Rental dwelling and property protection.
• Liability coverage.
• Available optional endorsements.
• Coverage for multiple rental properties, where eligible.
• Potential savings from qualifying policy combinations.

State Farm's available landlord coverage and bundling opportunities depend on the state, property and underwriting requirements. Ask an agent which policies can be combined and whether doing so would actually reduce the total cost.

Quick Comparison of the Five Options

These companies are not ranked by price or overall performance. The most suitable option depends on the property's location, occupancy, construction and coverage requirements.

What Should Landlords Compare Before Choosing a Policy?

Before selecting landlord insurance for 2027, review these important details:

Dwelling coverage: Check whether the policy provides enough coverage to rebuild the property rather than simply matching its market value.

Liability limits: Compare the amount available for covered claims involving injuries or property damage.

Loss of rental income: Find out whether the policy reimburses lost rent when a covered incident makes the property uninhabitable.

Deductibles: A higher deductible may reduce the premium, but it also means paying more out of pocket when making a claim.

Exclusions: Review restrictions involving floods, earthquakes, intentional damage, tenant belongings and periods when the property is vacant.

Short-term rental rules: If you use platforms such as Airbnb or Vrbo, confirm that the policy permits that type of rental activity. A standard long-term landlord policy may not be sufficient.

How Much Should You Budget for Landlord Insurance?

For a typical U.S. single-family rental property, an initial budgeting estimate may be around $1,000–$1,800 per year, although actual premiums can be lower or considerably higher.

The price depends on the property's location, rebuilding cost, age, condition, coverage limits, deductible and claims history. Multi-unit buildings and properties in areas exposed to hurricanes or wildfires may have different pricing.

The best way to compare costs is to request quotes from multiple insurers using the same dwelling coverage, liability limits and deductibles.

Final Thoughts

Allstate, Steadily, Travelers, American Family and State Farm are five landlord insurance options worth researching before 2027. Each offers different features and may suit different rental-property arrangements.

Before purchasing a policy, confirm state availability, compare exclusions and check whether the coverage protects both the building and the rental income you depend on. A careful comparison of policy terms and quotes can help landlords make a more informed decision.

Coverage, eligibility, discounts and policy terms vary by insurer and state. This article is for general information and is not an insurance recommendation or a guarantee of coverage.