Protection for property owners
Your rental property is more than just a way to generate extra income
It's an investment in your future. Guard your assets and mitigate the potential for financial losses with landlord insurance from Mercury.
Landlord insurance protects property owners who lease out single-family homes, duplexes, triplexes, and fourplexes against financial losses resulting from damage to the residence. Coverage can also extend to surrounding permanent structures on the property such as a shed or garage.
Here's a list of some of the coverage1 options available from Mercury.
Call (800) 956-3728 today to speak to a Mercury Insurance agent to get the coverage you need.
Covers damage to your property due to fire, lightning, smoke, wind, sudden and accidental plumbing leaks and other covered perils.
- Additional Replacement Cost
Provides additional coverage up to 150% of the dwelling's policy limits to rebuild the home in the event of a covered loss.
- Other Structures
Coverage for structures on your property that are not attached to the home. These structures may include a detached garage, fence, tool shed, gazebo, driveway or swimming pool.
- Personal Property
Provides coverage for your household items in your property in the event of a fire, lightning, smoke, wind or other covered loss. Coverage for on-premises theft is available — speak to your Mercury agent for details.
- Fair Rental Value
Pays for the fair rental value of the property if it is damaged and rendered uninhabitable due to a covered loss. Coverage for extended fair rental value is available speak to your Mercury agent for details.
- Premises Liability
Provides bodily injury and property damage protection arising from the ownership or use of your rental property.
- Medical Payments
Pays medical expenses for persons or guests that are injured on your property. This coverage does not apply to tenants or anyone else who are regular residents of the property.
- Personal Injury
Protects you from claims of libel, slander, wrongful eviction, and invasion of privacy.
- Loss Assessment
Provides additional coverage in the event your homeowners association levies an assessment on each homeowner to make common area repairs due to a covered loss.
- Service Line Protection
Provides coverage for repair of your water, gas, electric and sewer lines.
- Home Systems Protection
Covers a wide range of critical systems, appliances and electronics.
1Please note that coverage options, restrictions and limitations vary from state to state. Ask your local Mercury agent for more information.
What Landlord Insurance Doesn't Cover
Landlord insurance policies don’t typically provide coverage for a renter's personal property such as their own furniture, clothes, electronics, etc. Your tenants should obtain renters insurance to cover their personal belongings and you may already require this as part of your lease agreement.
Neither regular maintenance nor wear and tear on a property are covered by landlord insurance. It is up to the landlord to monitor certain facets of the rental and keep them up to code.
Coverage for short-term rentals through a reputable website may be available, however, please check with your Mercury agent to confirm.
Great Coverage at the Right Price
Mercury is dedicated to providing you with the right coverage while at the same time saving you money. We offer some of the lowest rates around, but you could save even more money with our popular discounts.
- Multi-Policy (Auto or Homeowners + Landlord)
- Protective Devices (fire, theft, water leak detection)
- Loss Free
- Property Management
- Renters Insurance
Help protect your property with Landlord Insurance from Mercury. Call (800) 956-3728 today to speak to a Mercury Insurance agent and get a landlord insurance quote in just a few minutes!