3 Signs You Need Landlord Insurance, Not Just Homeowners

A lot of landlords start out on a homeowners policy — often because that's what they already had before the property became a rental. Here are three signs it's time to switch.

You rent out a property you don't live in. Homeowners insurance is built around an owner-occupant. The moment a property becomes a rental, the risk profile changes, and the policy needs to change with it.

You're still on your original homeowners policy. If the policy hasn't been updated since the property started being rented, there's a good chance it doesn't reflect the liability and exposure that come with having tenants.

You'd lose income if the unit became unlivable. Landlord policies typically include coverage for lost rental income if a covered event makes the unit temporarily uninhabitable — something a standard homeowners policy usually doesn't address.

UPIX now offers rental property insurance across New Jersey, New York, Connecticut, Pennsylvania, Virginia, and Texas. If any of these apply to you, it's worth a quick review before a claim reveals the gap.