Landlord Insurance

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.

Couple meeting with insurance agent at home.

Couple reviewing insurance quote with agent.

What Landlord Insurance Covers

A landlord insurance policy helps cover costs to repair your rental if it is damaged by fire, lightning, wind, hail or any other covered losses. Along with safeguarding your property, landlord insurance includes premises liability protection that covers you in the event someone gets injured on your property and you are held legally liable for the injury.

If your tenant falls down the steps at your rental house and a court finds you failed to maintain the stairs or repair a broken railing, you could be held legally responsible for your tenant's medical and legal costs. Landlord premises liability coverage may help pay for those expenses.

Fair rental value coverage provides for lost rental income while your rental property is being repaired as a result of a covered loss.

Personal property coverage is also available to protect any household furnishings and appliances owned by you that are damaged in a covered loss. If you provide a refrigerator, washer and/or dryer for your tenant and those appliances are damaged in a covered loss, they can be repaired or replaced subject only to your deductible and policy limit.

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.

  • Dwelling
    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!

Woman entering alarm code on home security sytem