Landlord and Investment Property Insurance in California
As Low As $75/month
Investment Property Insurance at a Price You Can Afford
We Shop Multiple California Carriers to Find Your
Best Landlord Insurance Rate
MIS Insurance is an independent agency, so we are not tied to one company. We compare high-rated carriers to find the right price and coverage for your rental. Most policies can start the same day.
Had claims or been dropped? If you have claims on your record or your insurance company dropped or non-renewed you, we can still find you a policy.
We insure:
- Single-family rental homes
- Condos and townhomes you rent out
- Duplexes, triplexes and fourplexes
- Apartment and commercial buildings up to 60 units
For larger buildings, see our apartment building insurance.
Landlord insurance vs. homeowners insurance: homeowners insurance is for the home you live in. Once tenants move in, you need a landlord policy, sometimes called a rental property or dwelling policy.
What about my tenant’s belongings? Your policy does not cover them. Tenants need their own renters insurance, and many landlords require it in the lease.
What Does
Landlord Insurance Cover?
A landlord policy is built for property you rent to tenants. It typically covers:
- The building: damage from fire, wind and other covered causes
- Other structures: detached garages, fences and sheds
- Landlord liability: injuries on the property that you are held responsible for, plus legal defense costs
- Loss of rent: rental income you lose while a covered loss is being repaired
- Your property on site: appliances and furnishings you provide for the tenant
Floods and earthquakes are not covered. Those need separate policies.
How Much Does
Landlord Insurance Cost?
Landlord insurance from MIS starts as low as $75 a month. Prices vary. Yours depends on the property’s location, age and size, the number of units, the coverage limits and deductible you choose, and your claims history. Call us or request a quote and we’ll give you an exact price.
How Much Landlord Coverage
Do You Need?
- The building: insure it for what it would cost to rebuild at today’s construction prices, not for the market value or what you paid. The land is not insured.
- Liability: choose a limit high enough to protect your other property and savings if a tenant or visitor sues.
- Loss of rent: pick enough months of rent to cover the time a major repair would take.
- Your property on site: add coverage for appliances and furnishings you provide.
A 1 to 4 unit rental is usually written on a residential landlord policy. Larger buildings, up to 60 units, are written on a commercial policy. We handle both, and we will tell you which one fits your property.
Ways to Save on
Landlord Insurance
- Choose a higher deductible. A higher deductible usually means a lower monthly price.
- Keep the property updated. A newer roof, wiring and plumbing can lower your price.
- Ask about safety discounts. Smoke alarms, security systems and other safety devices can help.
- Require renters insurance. When tenants carry their own policy, their losses are less likely to land on you.
- Let us shop for you. We compare several carriers so you don’t have to.
your policy helps pay to repair
or rebuild it.
your property, liability protection
helps pay expenses.
loss of rent coverage helps
replace your income.
your lender will likely require insurance.
Landlord insurance is meant to cover unexpected damage, not routine maintenance or normal wear and tear. Ask your agent what is covered and be sure to read your policy so you know exactly what’s included and what is not.
Landlord and Investment Property
Questions and Answers
I’ve had claims or my insurance company dropped me. Can you still insure me?
Yes. Even if you have had claims or your insurer dropped or non-renewed you, we can still find you a policy.
Is landlord insurance required in California?
California law does not require it, but most mortgage lenders do. Without it, you would pay for damage and lawsuits out of your own pocket.
Is investment property insurance the same as landlord insurance?
Yes. Both names mean coverage for a property you own and rent out instead of living in.
How many units can you insure?
Anything from a 1 to 4 unit rental to a commercial building with up to 60 units.
Does landlord insurance cover my tenant’s belongings?
No. Tenants need their own renters insurance.
Can I just keep my homeowners policy?
Usually not. Most homeowners policies are written for the home you live in. Tell us when tenants move in so there is no gap in your coverage.
What if the property sits vacant between tenants?
Many policies limit coverage on a vacant property. Call us if yours will be empty and we’ll help you stay covered.
I rent on Airbnb or Vrbo. Is this the right policy?
No. Nightly and weekly rentals need short-term rental insurance.
How much is landlord insurance in California?
Landlord and investment property insurance from MIS starts as low as $75 a month. Prices vary by property.
What is a dwelling fire policy?
It is another name for a landlord policy on a rental home. Despite the name, it typically covers more than fire.
Does landlord insurance cover damage caused by tenants?
Sudden, accidental damage, such as a kitchen fire, is typically covered. Normal wear and tear is not. Coverage for intentional damage or theft by a tenant depends on the policy, so ask us.
I own more than one rental. Can you insure all of them?
Yes. We can insure one property or several, from single homes to buildings with up to 60 units.
How fast can I get covered?
Most policies can start the same day.
MIS Insurance provides landlord and investment property insurance in all cities in California including: Los Angeles, San Diego, San Jose, San Francisco, Fresno, Sacramento, Long Beach, Oakland, Bakersfield, Anaheim, Riverside, Stockton, Chula Vista, Irvine, Fremont, San Bernardino, Modesto, Fontana, Oxnard, Moreno Valley, Huntington Beach, Glendale, Santa Clarita, Oceanside, Garden Grove, Rancho Cucamonga, Santa Rosa, Ontario, Elk Grove