Landlord Insurance and Rental Property Insurance in Grover Beach, Arroyo Grande, Pismo Beach, Nipomo, Oceano, CA, and Surrounding Areas

Rental Property Insurance: Safeguarding Your Investment with Tailored Coverage Solutions

Arnoldussen & Associates Insurance Services understands the unique challenges that landlords face in California — particularly with the rising trend of homeowners insurance carriers canceling or refusing to renew policies in our state. As an independent agency, we work with multiple major insurance carriers to locate the most competitive rates and strong coverage options that fit your business’s specific needs.

Rental property insurance is essential for owners of an investment property that generates income when leased. Standard dwelling coverage protects the physical structure of your rental houses or multi-family properties against typical losses resulting from fire or many natural causes.

In our litigious environment, it is also essential that your policy provides robust property liability coverage that insures against legal claims for personal injury or property damage allegedly incurred on your property.

Landlords should be confident that their coverage includes rental income protection that protects your cash flow in the event of covered loss of rent. This coverage typically applies when you cannot rent your property for a period of time following a covered event. Of course, rental property is often damaged far beyond normal wear and tear by irresponsible tenants. When that occurs, a policy that provides tenant damage protection is extremely valuable.

As of July 2024, California state law strictly limits the security deposit a landlord may collect to one month’s rent. Of course, with today’s remediation and construction costs, that small amount is grossly insufficient to cover many types of damage. Additionally, vandalism coverage protects against intentional destructive acts, whether done by a tenant or a third party.