Rental Property Insurance
RENTAL PROPERTY ISURANCE
Insurance Designed for Income Producing Properties
Owning rental property can be a valuable long term investment, but it also brings added responsibility and financial risk. Rental property insurance is designed specifically for properties that are leased to tenants and is different from standard homeowners insurance. At Central States Insurance Brokers LLC, we help property owners in St. Louis and surrounding areas secure rental property insurance that protects the structure, supports income stability, and addresses liability exposure.
Using the wrong type of policy on a rental property can lead to denied claims or serious coverage gaps. Our role is to help ensure your policy matches how the property is used and the risks involved. As an independent insurance agency, we compare coverage options across multiple carriers to help you choose a policy that aligns with your goals as a property owner.
Established in 2017 and supported by more than 20 years of industry experience, our agency understands the unique challenges rental property owners face.
Licensed in MO & IL
5-Star Rated Service
Independent Agency
Core Rental Property Insurance Coverages
Rental property insurance includes several key coverage components that work together to protect owners financially.
Dwelling Coverage
Dwelling coverage protects the physical structure of the rental property, including walls, roof, flooring, and built in components. Coverage limits should reflect the cost to repair or rebuild the property after a covered loss, not the market value.
Other Structures Coverage
Other structures coverage applies to buildings on the property that are not attached to the main structure, such as detached garages, storage buildings, or fences. We review whether standard coverage percentages are sufficient based on the layout and use of the property.
Liability Coverage
Liability coverage is one of the most important parts of rental property insurance. It protects property owners if a tenant, guest, or visitor is injured on the property and holds the owner responsible.
Loss of Rental Income Coverage
Loss of rental income coverage helps replace lost rent if a property becomes uninhabitable due to a covered loss. This coverage can be critical for maintaining cash flow while repairs are completed.
How Rental Property Insurance Differs From Homeowners Insurance
Rental property insurance is designed for non owner occupied homes and buildings. While homeowners insurance assumes the owner lives in the property, rental property insurance accounts for tenant occupancy and the additional liability that comes with it.
Policies for rental properties typically focus on protecting the structure, providing liability coverage for tenant and guest injuries, and addressing income loss after a covered claim. Personal belongings of tenants are not covered under a landlord policy, which is why renters insurance is often recommended for tenants. We help property owners understand these differences clearly so coverage is placed correctly from the start.
Deductibles and Risk Planning
Deductibles affect both premium cost and out of pocket expenses during a claim. A higher deductible may reduce premiums, but it also increases the amount the owner must pay before coverage applies.
We help rental property owners choose deductibles that balance cost savings with financial comfort. We also discuss how deductibles may differ between perils such as wind or hail, depending on the policy.
Rental Property Insurance for Different Ownership Situations
Not all rental properties are the same. Coverage should reflect the type of property and how it is managed.
Single Family Rental Homes
Single family rentals often resemble owner occupied homes but require different policy forms due to tenant occupancy. We help ensure coverage reflects non owner occupancy and appropriate liability exposure.
Small Multi Unit Properties
Duplexes, triplexes, and small apartment buildings carry increased liability and maintenance considerations. We help structure coverage that accounts for shared spaces and multiple tenants.
Properties With Changing Occupancy
Properties that transition between tenants or experience short vacancies may require coverage adjustments. We help ensure insurance remains appropriate during these transitions and discuss when vacant dwelling coverage may be needed.
20+
Years Experience
2
States Covered
1000+
Happy Clients
24/7
Support Available
Common Rental Property Insurance Gaps
Many property owners are unaware of exclusions or limitations within standard rental property policies. Flood damage is typically excluded and requires separate coverage. Certain types of water damage, maintenance related losses, or tenant caused damage may also be limited.
We help identify potential gaps based on property location, construction, and history. When appropriate, we discuss additional coverage options to reduce exposure.
Coordinating Rental Property Insurance With Other Coverage
Rental property insurance is often part of a broader insurance strategy. Owners with multiple properties, personal residences, and vehicles may benefit from coordinated coverage planning.
We help align rental property policies with personal insurance and discuss when additional liability protection, such as umbrella coverage, may be appropriate to protect overall assets.
Ongoing Support for Property Owners
Rental properties evolve over time. Changes such as renovations, rent increases, new leases, or property acquisitions can all affect insurance needs.
We provide ongoing support and encourage regular policy reviews to ensure coverage stays aligned with current conditions. Our team remains available to answer questions, make updates, and assist as your portfolio grows.
Get in Touch
If you own rental property and want insurance that protects your investment and income, we are ready to help. Contact Central States Insurance Brokers LLC by phone at (314) 833 3399 or by email at csibinsurance@gmail.com.
