Being a landlord in Florida comes with unique risks that a standard homeowners policy does not cover. Rental property insurance (also called a landlord policy or dwelling fire policy) protects your investment property, covers lost rental income, and shields you from tenant-related liability claims.
What Does Rental Property Insurance Cover?
- Building structure coverage at replacement cost value
- Loss of rental income if the property is uninhabitable after a covered loss
- Landlord personal liability for injuries occurring on the property
- Other structures — fences, garages, and detached sheds
- Fair rental value for the period of restoration after a covered loss
- Vandalism and malicious damage — including tenant-caused damage on some policies
- Medical payments for minor injuries to tenants or guests
- Ordinance or law coverage for code-upgrade costs during rebuilding
Landlord Policy vs. Homeowners Policy
A standard homeowners policy (HO-3) covers owner-occupied residences. The moment you rent your property to a tenant — even short-term via Airbnb — most homeowners policies exclude coverage for rental activity. A landlord policy (DP-3) is specifically designed for non-owner-occupied dwellings and includes loss-of-rent coverage that an HO-3 does not.
Short-Term Rental Coverage
Florida’s thriving vacation rental market creates additional complexity. If you rent your property on a short-term basis (Airbnb, VRBO), you need a policy specifically designed for short-term rental activity. These policies bridge the gap between a homeowners policy and a full commercial policy — covering guest liability and property damage from rotating occupants.
Get Rental Property Insurance in Orlando, Florida
Insure USA, Inc. is an independent agency serving Orlando and all of Florida. We compare Rental Property Insurance options from multiple top-rated carriers to find the best combination of price and protection for your situation. Call us at (321) 235-7377 or request a free quote online.