Lessors Risk Insurance
Comprehensive protection for landlords and property owners. From tenant injuries to storm damage, we cover the unique risks of renting property in Florida.
Coverage Types for Lessors Risk
Build a comprehensive insurance package that protects your rental property investment.
Building Coverage
Covers damage to your rental building from fire, storms, lightning, vandalism, and other covered perils.
Liability Coverage
Protects against third-party injury and property damage claims occurring on your premises.
Loss of Rental Income
Covers lost rental income while your property is being repaired after a covered loss.
Tenant Legal Defense
Covers legal costs if you need to evict a tenant or defend against tenant lawsuits.
Equipment Breakdown
Covers HVAC systems, elevators, and other building systems that break down.
ordinance or Law Coverage
Costs to upgrade to current building codes when repairing damage after a covered loss.
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Common Lessors Risk Owner Risks
Understanding these risks helps you choose the right coverage.
Why Choose Greene & Associates?
Tenant Liability Gaps
Protect your property when tenant insurance lapses or proves inadequate with comprehensive lessors risk coverage.
Multi-Property Discounts
Portfolio pricing for landlords with multiple buildings — the more you insure, the more you save.
Loss of Rents
Keep income flowing when tenants can't occupy after fire or damage with rental income replacement coverage.
Frequently Asked Questions
What's the difference between lessors risk and landlord insurance?
Lessors risk (also called Landlord Liability Insurance) is specifically for property owners who rent to others. It typically includes building coverage, liability protection, and loss of rental income. It's designed for single properties or small portfolios of rental properties.
Does lessors risk insurance cover tenant damage?
Building coverage protects against fire, storms, and other perils that damage the structure. However, normal wear and tear or damage caused by tenants beyond the security deposit may not be covered. Consider requiring tenants to carry renters insurance for their personal property and liability.
How much lessors risk insurance do I need?
Coverage amounts should match your property's replacement cost, not its market value. Liability limits typically start at $500,000 but may need to be higher depending on your property type and number of units. We can help you determine appropriate coverage levels.
Can I get lessors risk insurance for multiple properties?
Yes, you can typically cover multiple rental properties under a landlord policy or a portfolio policy. This often provides a discount. Contact us to discuss bundling your rental properties.
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