The Protection You Need for Your Rented Properties
Even with the best of tenants, it's impossible to plan for unanticipated accidents or natural disasters.
Also known as Rented Condo and Townhouse Insurance, Landlord Insurance from APOLLO protects your rented property should the unexpected happen. Here are a few examples of how a good policy can protect you.
Fire & Smoke
Where there’s smoke, there’s fire – and where there’s fire, there’s damage. To recover the losses, Landlord Insurance helps look after you from spark to finish.
Water Damage
Despite our best-laid plans, pipes burst, septic pumps fail, and bathtubs overflow. Landlord Insurance gives you the helping hand you need to cover any property damage and restore your tenant’s space.
Lost Rental Income
Should your property become uninhabitable due to fire, mold, or water damage, Landlord Insurance can help cover the payments that you would’ve been receiving from your tenants.
Crime & Vandalism
If you’ve left any valuables locked up in your rental property, Landlord Insurance can protect them from theft or damage, compensating you for the cost to either repurchase or repair your personal property.
Personal Liability
As a landlord, there are countless scenarios that can end up hurting you financially, such as a tenant falling due to a loose handrail and suing you. Protect yourself from potential out-of-pocket costs by making sure you have the right liability insurance in place.
What Insurance Do Landlords Need For Their Rental Property?
With so many different types of insurance coverage available, it can be hard to know what to look for. Here’s what you should consider when selecting a policy.
Coverage Limits
Coverage limits are the maximum amounts your insurance company will cover due to lost or damaged belongings, personal liability, or additional living expenses.
The primary coverage included in APOLLO’s Landlord package offers:
- Landlord’s Personal Property insurance up to $100K
- Rental Income up to $125K
- Personal Liability up to $3M
The Deductible
The deductible is the amount you’re required to pay when you make a claim in order to activate the coverage in a policy.
Scope of Policy
Using the cost of your coverage limits and deductible, you can determine the approximate price of your policy. In most cases, the higher your coverage limit is, the higher you’ll pay monthly or annually to be insured. A few other factors that can affect the price of your policy include:
- The location of the your rental property
- The type of building the rental unit is in
- Previous insurance history
Get Your Insurance Online in 3 Quick and Easy Steps
It takes less than 15 minutes to get your rental property insured with a policy that’s tailored to your specific needs. It’s as quick and easy as one, two, three…
Find and select the coverage you need with a quick and easy landlord insurance quote.
Choose a convenient payment plan that suits you best.
Get the policy documents instantly delivered straight to your inbox.
Landlord Insurance Made Effortless
APOLLO is making insurance effortless for landlords by delivering tailored coverage digitally.
Whether you’re renting out a studio apartment or a multi-level townhome, having a Rented Townhouse and Condo Insurance policy protects one of your most valuable assets — covering unexpected events like severe weather, theft, or liability claims. If you’re renting out your unit, having Landlord Insurance can give you valuable peace of mind by covering costs associated with:
- Destruction or damage of any personal belongings you have stored in the rental unit
- Personal liability, including accidents and injury
- Theft, including stolen packages or bikes
- Coverage of rental income should the unit become uninhabitable
