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Insurance
Landlord insurance coverage, claims, and protection strategies for Florida rental property owners.
Knowledge Base Terms
Loss of Rents
An insurance coverage that compensates a landlord for lost rental income when a property becomes uninhabitable due to a covered peril.
Deductible
The amount an insured party must pay out-of-pocket before their insurance coverage kicks in for a claim.
Wind Mitigation Inspection
A specialized inspection of a Florida home to determine its ability to withstand high-wind events, such as hurricanes.
Umbrella Policy
An extra layer of liability insurance that provides coverage exceeding the limits of standard dwelling or auto policies.
Replacement Cost
An insurance payout method that covers the cost to repair or replace property at current market prices without a deduction for depreciation.
Additional Insured
An additional insured is a person or entity added to an insurance policy, protecting them from claims related to the primary policyholder's actions.
Liability Coverage
Insurance that protects landlords against financial loss if a tenant or visitor is injured on the rental premises due to negligence.
Ordinance or Law Coverage
An insurance endorsement that covers the increased costs of repairing a property to meet current building codes after a covered loss.
Actual Cash Value (ACV)
An insurance valuation method that pays for the replacement cost of an item minus its accumulated depreciation.
Landlord Insurance
A specialized insurance policy designed to protect property owners against financial losses related to rental property ownership.
Builder's Risk
A specialized type of property insurance designed to cover buildings while they are under construction or undergoing major renovations.
Flood Insurance
Specialized coverage for property damage caused by rising water, typically excluded from standard homeowners or landlord policies.
Dwelling Policy
A specialized insurance policy designed to protect the physical structure of a rental property rather than personal belongings.
Coinsurance
An insurance clause requiring the policyholder to maintain a minimum amount of coverage relative to the property's value to avoid partial payouts.
Related News
Renters Insurance Rate Cut
Florida OIR approved an average 12.8% decrease on American Modern's HO-4 renters insurance effective October 11, 2026, covering about 121,898 exposures. It affects tenants' policies, not landlords' building coverage.
More Insurance Choices for Landlords:
Two new insurers were approved to enter Florida's market in 2025 — a positive development for landlords, though real relief depends on renewal-time terms, not headline announcements.
Falling Reinsurance Costs
Florida's property insurance market is showing signs of recovery, with Citizens Property Insurance Corporation reporting a 43% reduction in exposure over the past year. Legislative reforms aimed at curbing litigation are credited with helping to stabilize the market.
From the Blog
The Insurance Gap in Your Rental
A burst washing machine hose can create three separate losses: the building, the tenant's belongings, and someone's legal responsibility. Here's how landlord insurance, renters insurance and liability coverage divide the bill — and how to set expectations before move-in.
Short-Term Rentals
A practical guide to Florida short-term-rental law: state licensing, the local-regulation divide, taxes, insurance, association restrictions, and city-by-city requirements for Miami Beach, Orlando, Kissimmee, Fort Lauderdale, Key West, St. Petersburg, Jacksonville and Tampa.
Florida Property Insurance Market Shows Signs of Stabilization—but Major Gaps Remain
Twenty new insurers and $944M in 2024 net income suggest a stabilizing Florida market — but the flood gap, roof-age rules and loss-of-rents exposure still catch landlords off guard.
Emotional Support Animals - <em>Liability</em>
Florida ESA Owner Liability: Housing, Dog Bites, Property Damage, and Dangerous Dogs.
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