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What's landlord insurance?

USAA Rental Property Insurance, also known as landlord insurance, helps protect the properties you own but rent out to others. It can help pay to repair or rebuild your rental if it's damaged or destroyed by something landlord insurance covers. 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®.

How much does it cost?

Landlord insurance costs depend on a variety of factors. The age and location of your property, its building materials and how many units there are can all affect your premium. If you have homeowners insurance and need coverage for the ones you rent out, other companies typically charge more for landlord insurance. But USAA Rental Property Insurance premiums are usually lower than our homeowners insurance.

What types of properties can I insure?

We can generally insure up to 10 condos, townhouses and permanently placed properties built to accommodate up to four families. When you get a quote, we'll ask for some details about the property and how you plan to use it to make sure you're in the right place.

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

Many people describe these as an apartment you own. You may have a stake in common areas you share with other residents, including gyms, pools and parking garages. You'll often find condos in high-rise buildings, but they can be detached in some areas.

What else can rental property insurance cover?

  • Lost Rental Income

    We may replace your rental income while your property is being repaired after a claim.

  • Legal Fees

    Personal liability coverage can help with legal fees and medical expenses for covered injuries or property damage.

  • Short-Term Rentals

    Our home sharing coverageSee note1 offers added liability and personal property coverage if you rent your place out for less than 30 days.

Why landlords choose USAA Rental Property Insurance

We make it easy to protect your rental property by giving you the ability to get a quote and purchase a policy completely online.

  • Same-Day Quote

    You can go online today to get a quote for up to 10 properties, purchase coverage and be protected tomorrow.

  • Set Deductibles

    You can choose a flat dollar amount or a percentage of the dwelling coverage. If you choose a percentage, the actual dollar amount will change as the dwelling coverage limit changes.

  • Replacement Cost CoverageSee note2

    After paying your deductible, your policy can pay to repair or replace things you own in your rental at today's cost. So, your old fridge could be replaced with a new one.

  • Easy Switch From Homeowners

    If you're PCSing or buying something new, we can easily change your homeowners policy to rental property insurance.

Benefits when you PCS or deploy

Benefits when you PCS or deploy

If you're called away for duty you can:

  • Easily change your homeowners policy to rental property insurance.
  • Find reliable renters with tenant screening.
  • Feel confident knowing you're covered if you list your home as a vacation rental.

Rental property insurance helps protect you and the homes you rent out.

Get a quote for rental property insurance

Savings and discounts available for landlords

Bundle and Save

Save on your premium when you bundle your insurance for rental property and auto.See note3

Claims-Free Discount

Save up to 15% if you don't have any claims for five years.See note4

Protected Home Discount

Save up to 5% with a monitored fire alarm or security system.See note5

Tenant Screening

Get a 25%See note6 discount on TransUnion's SmartMove tenant screening service.See note7

Angi

Get 20% off handyman or cleaning services you'll need between tenants.See note8

Enhance your protection

Flood Insurance

Landlord insurance doesn't cover floods. You may want to consider a flood policy, even if you don't live in a flood-prone area.

Learn about flood insurance

Umbrella Insurance

A personal umbrella insurance policy can pick up where your landlord insurance leaves off and help you pay for the remainder of a liability claim that exceeds its limits.

Rental property insurance FAQ

More information on rental property insurance