Colorado Realty and Property Management, Inc.

Denver Property Management | Property Management Denver | Property Management in Denver

Landlords Apply Here
Search Rentals
Tenants Apply Here
Pay Rent
Maintenance
Owner Login


Denver Metro Landlords: 303‑710‑8844
Colorado Springs Landlords: 719‑356‑4095
Fort Collins Landlords: 970‑444‑7063
Schedule A Showing: 720‑619‑8886
  • Home
  • Property Management Services
    • Start Here
    • Why Choose Us?
    • Pricing
    • Testimonials
    • Tenant Screening
    • Free Rental Analysis
    • Owner Checklist
    • CRPM Advantage
    • Value Comparison Calculator
  • Areas We Serve
    • Arvada Property Management
    • Aurora Property Management
    • Broomfield Property Management
    • Castle Pines Property Management
    • Castle Rock Property Management
    • Centennial Property Management
    • Colorado Springs Property Management
    • Denver Property Management
    • Fort Collins Property Management
    • Highlands Ranch Property Management
    • Loveland Property Management
    • Thornton Property Management
    • Westminster Property Management
    • and More
  • Property Owners
    • Property Owner Portal
    • Property Owner Resources
    • New Property Onboarding Forms
    • Property Owner FAQ
  • Testimonials
  • Real Estate
    • CRPM Advantage
    • Jason Cassidy Real Estate Agent in Denver, CO
    • Denver REALTOR® Referral Program
  • Tenants
    • Search Available Rentals
    • Apply Online
    • Pet Screening
    • Resident Benefits Package
    • Tenant Login
    • Tenant Resources
    • Lease Change Form
    • Maintenance Request
    • Pay Rent Online
    • How to use a lockbox
    • Tenant FAQ
  • News
    • Property Management
    • Monthly Newsletter
    • Property Maintenance
    • Property Improvements
    • Rental Property Investing
  • About
    • About Us
    • Our Promises
    • Testimonials
    • Our Team
    • Our Pledge
    • Our Awards
    • NARPM Code of Ethics
  • Contact Us
    • Review Us
    • Thank You For Your Feedback

What is Landlord Insurance?

What Is Landlord Insurance?

It is essential for landlords to carefully consider all the options available for protecting their rental property and their income, which will almost certainly require a different kind of insurance than a typical homeowners policy. Landlord insurance, also known as rental property insurance, is an essential investment for property owners, whether they are considering a series of short-term rentals for a single family unit or long-term rentals for a large apartment building.

 

Why does a landlord need insurance?

Most first-time rental property owners will debate whether or not they need landlord insurance. This type of insurance is often required by lenders before lending money to purchase a rental property.

 

What does a landlord insurance policy cover?

An insurance policy for a landlord covers a variety of situations, such as paying for the replacement cost of a building in the event of a fire as well as legal fees if the tenant sues. An insurer will provide funds based on the amount of coverage selected by the landlord, provided it is considered a covered loss.

 

Should I get landlord insurance?

As long as the property is your primary residence, you will need homeowners insurance. If you rent it out, you need landlord or property insurance.

What is the difference between homeowners insurance and landlord insurance?

 

  • Homeowners Insurance
The policy covers your primary residence, personal property, liability, and a few other things.

 

  • Landlord Insurance
This policy applies to property owners who plan to rent out their homes, apartments, or condos for an extended period and covers damages including fires, burst pipes, and some natural disasters. A landlord’s insurance policy will also provide liability coverage if a tenant or guest sues and the landlord needs to pay legal fees or medical bills.

 

Is there a difference in price between homeowners insurance and landlord insurance?

Landlord insurance policies generally cost about 25% more than homeowners policies for the same property. Compared to homeowner insurance, this might seem like a large price increase. Nevertheless, insurers can deny your claim if you rent out your property and do not have the appropriate insurance coverage provided by landlord insurance.

Related Article – When is the Perfect Time to invest in Rental Property?”

Is property insurance tax deductible?

You are entitled to a tax deduction for the entire cost of property insurance for your rental property. Renting out real estate is considered a normal business expense by the IRS.
If you are considering buying a property to rent out, or you already have a property that you want to rent out, speak to one of our Business Development managers about insurance.

Filed Under: Property Management

FREE RENTAL ANALYSIS
Receive a customized report in about 5 minutes

Follow Us

Colorado RPM Facebook Colorado RPM twitter Colorado RPM property management YouTube channel Colorado RPM LinkedIn

What will your property rent for - click for FREE rental analysis

    Property Owners & Investors
    How Can We Help You?






    Loading...

    Award-Winning Colorado Property Management Company

    Recognized for our expertise and results, we proudly offer the area’s best property management.

    2022 Best Denver Property Management Company Three Best Rated Denver Colorado Property Management 2022 Expertise Best Property Management Companies in Denver 2022

    Denver Office

    1660 S Albion St #619
    Denver CO 80222
    303-710-8391
    By Appointment Only
    Colorado RPM google mybusiness reviews

    Colorado Springs Office

    13540 Northgate Estates Drive Suite 110
    Colorado Springs, CO 80921
    719-454-0577
    By Appointment Only

    coloradorpmcoloradosprings.com

    Fort Collins Office

    970-432-3110
    By Appointment Only
    Colorado RPM google mybusiness reviews

    Broomfield Office

    12303 Airport Way #160
    Broomfield CO 80021
    303-803-1117
    By Appointment Only
    Colorado RPM google mybusiness reviews

    Colorado Springs South Office

    719-312-7752
    By Appointment Only
    Colorado RPM google mybusiness reviews

    Arvada Office

    720-679-1162
    By Appointment Only
    Colorado RPM google mybusiness reviews

    Management Services: By Appointment Only

    Property Management
    Free Rental Estimate

    It’s important to make an appointment.

    Our staff is often in the field. We want to give you the personal attention you deserve. We’re here to help and it’s important to us that we’re available to meet with you. Please make an appointment in advance.

    Colorado RPM Facebook  Colorado RPM twitter  Colorado RPM property management YouTube channel  Colorado RPM LinkedIn

    Denver Metro  Boulder housing association   Boulder Real Estate    CLLC
    Colorado Realty and Property Management, Inc. BBB Business Review  NARPM  Broomfield Chamber of commerce  CIV  Realtor logo  echo logo
    Denver · Arvada · Aurora · Berthoud · Boulder · Brighton · Broomfield · Castle Pines · Castle Rock· Centennial · Colorado Springs · Commerce City · Englewood · Erie · Firestone · Frederick · Fort Collins · Golden · Greeley · Greenwood Village · Gunbarrel · Highlands Ranch · Lafayette · Lakewood · Littleton · Louisville · Longmont · Loveland · Niwot · Northglenn · Parker · Sheridan · Superior · Thornton · Westminster · Wheat Ridge · Windsor
      This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

    Copyright 2021 Colorado Realty and Property Management, Inc. · Lyle Haas, Managing Broker · Privacy Policy· ER.100003984 · EC.100006731