Landlord Insurance in Tennessee For Rental Properties
Insurance for landlords and rental properties
When you rent out a house, condo, or duplex, a standard homeowners policy is not designed for that exposure. Tate Insurance Group helps owners choose a landlord policy that protects the dwelling and your liability as a property owner, with options for loss of rental income after a covered claim.
Coverages for rental homes and units
Landlord policies can include the structure itself, attached garages, and landlord-owned appliances or furnishings. Liability responds if someone is injured due to a property condition. Loss of rents can replace income while repairs are made after a covered event. Flood is not included, so ask about separate flood insurance if your property sits near creeks or rivers.
Protect your investment
We help you set limits that match current rebuild costs, discuss deductibles that fit your cash flow, and review endorsements like ordinance or law for older homes. If a property will be vacant between tenants, tell us so we can adjust coverage during that period. For condos, coordinate with the HOA to align responsibilities.
Coverage For Your Investment
Frequently Asked Questions About Landlord Insurance
Can I keep my homeowners policy if I start renting my home?
No. You need a landlord policy designed for tenants and rental exposures.
Does landlord insurance cover tenant damage?
Accidental damage can be covered, subject to policy terms. Intentional acts are usually excluded and may be addressed by deposits or legal remedies.
Are my tenant’s belongings covered?
No. Encourage tenants to carry renters insurance for their property and liability.
Do I need flood insurance on a rental?
Flood is excluded from standard policies. We can quote separate flood insurance where needed.
What affects the cost of landlord insurance in Tennessee?
Home age and roof, location, construction type, claims history, liability limits, and deductibles all influence price.
Can I get coverage for multiple rentals on one account?
Yes. We can place schedules for several properties and coordinate billing to simplify renewals.
