Risk Management · 8 min read

Landlord Insurance: What You Actually Need

DP-3 policies, liability coverage, loss-of-rent, and the umbrella that ties it together.

DP-3 vs Homeowner

Rentals require landlord (DP-3) policies, not standard homeowner insurance. DP-3 covers structure, landlord-owned contents, liability, and (optionally) loss-of-rent.

Loss-of-Rent Coverage

Pays rent during covered repairs (fire, storm, etc.). Usually a small line item that prevents catastrophic cash-flow disruption.

Umbrella Liability

A $1M umbrella policy costs ~$300/year and sits above your underlying landlord liability. Mandatory once you own 2+ properties.

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