Rental Property Insurance

Landlord insurance that covers all the bases

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Know How to Protect Your Rental Property with the Right Insurance Coverage

Owning a rental property can be a great investment, but as a landlord, you take on many risks. If you own a rental house, apartment, or rental condo, you have to consider if you have enough insurance. For instance, you need coverage for damages to your property from unexpected events like a fire or water damage. You also need liability insurance in case someone is injured on your rental property.

Your lenders will also likely require renters insurance if you have an existing mortgage on a property that you are renting out.

An Allstate agent can help walk you through the coverage you may require for your rental unit insurance needs.

What your rental property insurance policy covers

Dwelling Protection

This covers your rental home, as well as other structures that are attached to it, such as a garage or a deck. This is restricted to named perils such as fire, wind or smoke. All risk coverage is available. Speak to your Allstate agent to find out more.

Detached Private Structures

Renters insurance also extends your coverage to other structures that are on your property but are separate from your rental home, like a detached garage, shed or fence. This coverage is also restricted by named perils. All risk coverage is available. Speak to your Allstate agent to find out more.


Liability coverage is extended from your Allstate home, tenant or condo policy. It protects you if you’re held legally liable for injury or death to someone on your rental property.

Types of optional rental insurance coverage

Earthquake Damage

You are covered for any direct loss to your rental dwelling and property due to an earthquake.

Water Damage Protection

Water damage is a leading threat to homeowners, condominium dwellers, and tenants of rental properties. Threats to your home and property can come from burst pipes, leaking appliances, storm waters, spring thaw, accumulated rain, and other types of fresh water flooding. You can choose additional coverage with Allstate’s NEW water protection endorsements to ensure you have the right coverage to suit your needs (for qualifying customers):

Limited Sewer Backup (ON, AB, Maritimes)
Enhanced Water Damage (ON, AB, Maritimes)
• Ground Water and Sewers (Quebec only)
Ground Water, Sewers and Overflow of Body of Water (Quebec only)


This coverage can be added to cover major appliances such as a washer, dryer, fridge or stove of a rented property.

Rental Income

If your tenants need to leave the property due to a covered loss, fair rental income replacement is covered.


Terms and conditions apply. Coverage, perils, discounts, and availability may vary by region. This contains information about coverage offered by Allstate but does not list all of the conditions and exclusions which apply to the coverage described. The wording of the actual policy and local law will govern. For more information on coverage, perils, discounts and availability, please contact your local agency or 1-800-allstate.