Landlord insurance, shopped across 20+ carriers
Landlord insurance (a dwelling fire policy, often DP-3) is designed for property owners who rent out residential homes, condos, or small multi-unit buildings, covering the structure, the landlord's on-site property, liability, and lost rental income after a covered loss.
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Affordable landlord insurance in NV, AZ, UT, TX & OH
Property owners in NV, TX, OH, UT, or AZ who lease a single-family home, duplex, triplex, or small apartment building. A standard homeowners policy is not designed for rentals and may be voided when the home is rented out.
As a local broker with access to 20+ carriers, Liberty Choice does the shopping for you and brings back a competitive rate you qualify for — across all five states we’re licensed in.
At a glance
Landlord insurance at a glance
- A homeowners policy does NOT cover a rental property. Standard HO-3 policies are voidable when the home is rented to a non-relative; you need a dwelling fire policy (DP-3) or a landlord policy to remain covered once a tenant is in place.
- Lost rental income coverage is the unique benefit. If a covered loss such as a fire makes your rental unit uninhabitable, landlord insurance pays fair rental value while repairs are being made, protecting your cash flow during the disruption.
- NRS 118A governs landlord liability in Nevada. Nevada statute requires landlords to maintain premises in habitable condition; failure to do so creates negligence liability for tenant injuries that landlord liability coverage addresses.
- Las Vegas is one of the fastest-growing rental markets in the U.S.. Clark County's high renter percentage and rapid population growth make rental property ownership common; landlord insurance is a baseline requirement for any Nevada rental property.
Source: Insurance Information Institute (III): a landlord insurance policy typically costs about 25% more than a homeowners insurance policy for the same property; the national average for a single-family rental landlord policy is approximately $1,516/year. III.org.
Coverage explained
What landlord insurance covers
The details
The parts of a landlord policy
| Coverage | What it covers | Typically |
|---|---|---|
| Dwelling | The rental property structure, roof, and attached features | Required |
| Other structures | Detached garages, fences, and other structures on the rental property | Required |
| Landlord personal property | Appliances, fixtures, and equipment you provide for the tenant's use | Optional |
| Loss of rental income | Rental income you lose while the property is uninhabitable due to a covered loss | Recommended |
| Premises liability | Legal costs and damages if a tenant or visitor is injured on the property | Required |
| Medical payments | Medical bills for guests injured on the premises regardless of fault | Required |
| Vandalism and malicious mischief | Intentional damage caused by tenants or others | Recommended |
| Building code upgrade | Extra cost to rebuild to current codes after a covered loss | Optional |
Requirements vary by state — your Liberty Choice agent confirms exactly what NV, AZ, UT, TX or OH requires.
How does landlord insurance work?
A landlord policy (often written as a DP-3 or dwelling fire policy) covers a residential property you own but do not occupy as your primary residence. It protects the building structure, any landlord-owned appliances or fixtures, and provides liability coverage for tenant or visitor injuries on the property. Because tenants' personal belongings are not covered under the landlord policy, landlords typically require tenants to carry their own renters insurance.
Pricing
What does landlord insurance cost?
Landlord insurance (DP-3) typically costs about 25% more than a standard homeowners policy because rental properties carry higher risk than owner-occupied homes.
| Property type | Typical annual premium range |
|---|---|
| Single-family rental home | ~$1,000–$2,500 |
| Condo or townhome rental | ~$700–$1,800 |
| Duplex or triplex | ~$1,200–$3,500 |
Figures reflect the national average landlord policy cost of approximately $1,516/year for a single-family rental per the Insurance Information Institute; Nevada properties may price higher due to desert climate conditions and Clark County market factors. Premiums depend on dwelling value, location, prior claims, and optional coverages.
Source: Insurance Information Institute (III), landlord insurance guidance (2025). III.org.
Beyond the basics
Optional & additional coverage
Ask your agent about these add-ons for extra peace of mind:
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Ways to save on landlord insurance
- Require tenants to carry renters insurance. Tenants with renters insurance file fewer minor property-damage claims against the landlord policy, which keeps your claims history clean and your renewal premium lower.
- Screen tenants carefully and enforce lease terms. Carriers view lower tenant-caused loss frequency as a positive rating factor; documented tenant screening and lease-violation procedures demonstrate responsible management.
- Bundle landlord policy with your personal auto or homeowners policy. Placing your rental property policy with the same carrier as your primary residence policy often earns a multi-policy discount of 5–15%.
- Install smoke detectors, deadbolts, and updated electrical panels. These protective devices reduce fire and liability loss frequency and are underwriting credits that lower your property premium.
- Choose actual-cash-value coverage for older structures. For an older rental property where the structure has significant depreciation, ACV coverage premiums are meaningfully lower than replacement-cost premiums; understand the trade-off at claim time.
- Work with an independent agent to compare landlord programs. Liberty Choice compares landlord-specific DP-3 programs from multiple carriers; not all personal-lines carriers write rental property, so access to the right market matters. Call 702-742-6322.
Source: Insurance Information Institute (III): multi-policy bundling (combining a landlord DP-3 with a homeowners or auto policy at the same carrier) typically yields a 5–15% discount on the rental property premium. III.org.
Questions
Landlord insurance FAQ
Does landlord insurance cover damage caused by tenants?
Should I also require my tenants to carry renters insurance?
How much does landlord insurance cost in Nevada?
Does my landlord policy cover me if a tenant sues me for a habitability problem?
Do I need a separate policy for each rental property I own?
More coverage