What’s landlord insurance?
USAA Rental Property Insurance, also known as landlord insurance, helps protect the properties you own but rent out to others.
Like homeowners insurance, it can help pay to repair or rebuild your rental if it's damaged or destroyed by something covered by your policy. That includes most weather-related damage, fire, vandalism and accidental water damage.
It also helps provide liability coverage if you're held responsible for someone else's injuries or property damage.
Our policy can cover you if you rent your place to long-term tenants or through vacation rental sites like Airbnb or Vrbo®.
Types of properties we cover
We can generally insure up to 10 properties built to accommodate up to four families.
Single-family houses
This includes your traditional free-standing homes as well as townhouses — attached single-family homes that share at least one common wall. They're built on permanent foundations, have their own entrances and can accommodate only one family.
Houses for 2 to 4 families
These are generally duplexes and quadruplexes where multiple families live separately. They can be up to four stories with all homes under one roof.
Condos
These are often in high-rise buildings but can be detached. They may have common areas like gyms, pools and parking garages that you share with other residents.
Benefits when you PCS or deploy
If you’re called away for duty, you can:
- Easily switch your homeowners policy to rental property insurance.
- Know we can help protect your home when listing it as a vacation rental.
How much does landlord insurance cost?
Landlord insurance costs can depend on a variety of things.
- Age and location of your property
- Amount of coverage
- Selected deductibles
Landlord insurance FAQ
You’ll want to consider how much it would cost to rebuild your rental if it’s destroyed.
Also, think about liability coverage in relation to your finances and assets. You’ll want to be sure you’re protected if a tenant sues you after they’re injured on your property.
It generally covers accidental damage your tenants may cause, like a grease fire in the kitchen. It could also cover vandalism as long as your property isn’t vacant for an extended period of time.
It usually won't cover things like general wear and tear, earthquakes, damage caused by animals and rodents, or your tenants' stuff. To help protect their stuff, your tenants will need to get renters insurance.
If your rental property is vacant, your coverage might be limited. You may not be covered for things like broken windows or vandalism.
We can help protect you in these situations, but adding vacancy protection comes with a premium.
To make sure you’re covered, update your policy by answering “no” to the question “Will this property be occupied?”
You can easily change your policy and check for discounts online anytime.
Help protect your investments with rental property insurance.
