Landlord Insurance From a Local, Independent Advisor
Rental property is a smart investment in fast-growing Denton County, but a standard homeowners policy usually won't cover a home you rent to tenants. Landlord insurance, often written as a dwelling fire policy such as a DP-3, is built for owners who rent out single-family homes, duplexes, townhomes and condos.
Whether you own one rental near UNT or a growing portfolio across North Texas, Trailmark compares landlord insurance from multiple carriers and helps you protect the property, your income and your liability.
What Landlord Insurance Covers
Dwelling
Repairs or rebuilds the rental structure after a covered loss such as fire, wind or hail.
Other structures
Covers detached garages, fences and sheds on the rental property.
Loss of rental income
Replaces lost rent if a covered loss makes the property uninhabitable during repairs.
Landlord liability
Protects you if a tenant or visitor is injured because of a condition on your property.
Landlord-owned property
Covers appliances, window coverings and lawn equipment you provide for tenants.
Vandalism and malicious mischief
Often available as an option to protect against intentional damage.
Smart Coverage Choices for Texas Rental Owners
Ask about wind and hail deductibles, roof coverage on older rentals and how long loss-of-rent coverage lasts. If you rent your property short-term through Airbnb or VRBO, let us know, because short-term rentals often need different coverage than a traditional lease.
We also recommend requiring tenants to carry renters insurance, since your landlord policy won't cover their belongings.
Ways to Save on Landlord Insurance
- Insure multiple rental properties together
- Bundle with your own home and auto policies
- Updated roof, plumbing and electrical systems
- Security systems and smoke detectors
- A claims-free history
- An umbrella policy for extra liability across all properties
Landlord Insurance FAQs
Does homeowners insurance cover a rental property?
Generally no. Once you rent a home to tenants, you usually need a landlord (dwelling) policy. Keeping a homeowners policy on a rental could leave a claim unpaid.
Does landlord insurance cover my tenant's belongings?
No. Landlord insurance covers the building and the property you own. Tenants need their own renters insurance to protect their belongings and liability.
What is loss of rent coverage?
If a covered loss, like a fire, makes your rental unlivable, loss of rent (fair rental value) coverage replaces the rent you would have collected while it's being repaired.
