If you are a landlord and you need Landlord Insurance in Ohio, Michigan, Indiana, Kentucky, Minnesota, Maryland, Tennessee, Georgia, or Florida you have found the right place!

We insure single family residential units, apartment buildings, condo associations, office buildings, strip malls, and warehouses in all 50 states.

To find the best options contact our property insurance specialist at 800-998-0662 or you can submit your information to us when you click on:  Ohio Landlord Insurance. (Quote are available in all 50 states)

There are three basic types of investment property insurance that you can purchase. We will consider the most basic landlord insurance policy known as the DF-1, or basic dwelling fire policy.

Ohio Landlord Insurance – What’s Covered by the Dwelling Fire Basic Form? 

The DF-1 or Basic Form only provides rudimentary coverage based on perils that are named in the policy.  If a claim occurs and it is not specifically named in the policy no coverage would be available. 

This policy form is the least expensive of all Ohio Landlord Insurance Policies. Click here to review typical coverage exclusions for this policy form.

There is one additional factor of the Dwelling Fire Basic Form that you need to be aware of as it can adversely affect your payout for losses.

All claims under this policy form are paid based on the actual cash value of the property that was damaged and or destroyed.  

Depreciation is deducted for any claim written under the DF-1 policy form.  (Click here to learn what an ACV loss settlement means to you.)

Let’s examine the Dwelling Fire Basic Form Legal language with one company. While it is true that most companies cover similar perils keep in mind that the perils could vary between companies for the same coverage form. 

Ohio Landlord Insurance – Perils That Are Covered by One Company

Read Your Coverage Carefully for This Policy Due to the Substantial Limitations of Coverage!

Take time to read your policy carefully so you understand what is, and more importantly what isn’t covered under this policy form. There are many gaps in coverage when you select this policy form.  The worst time to learn something isn’t covered is right after the claim occurs.

What perils are typically covered by the DF-1?

The insurance company will cover direct physical loss to property insured under Coverage A – Dwelling and Coverage B – Other Structures caused by:

1. Fire or Lightning

2. Windstorm or Hail

This does not include loss:

A. Caused directly or indirectly by frost, cold weather, ice other than hail, snow or sleet whether driven by wind or not;

B. To the interior of a building caused by rain, snow, sand, sleet or dust unless the building is first damaged by the direct force of wind or hail, creating an opening through which the rain, snow, sand, sleet or dust enters; or 

C. to the following:

(1) radio, or television antennas or aerials including their lead-in wiring, masts or towers;

(2) watercraft and their trailers, furnishings, equipment and motors;

(3) lawns, trees, shrubs, or plants; or

(4) awnings, canopies and signs.

 3. Explosion

This peril does not apply to loss by explosion of steam boilers, steam pipes, steam turbines or steam engines owned by or leased by you or operated under your control.

Explosion does not mean:

A. Electric arcing;

B. Breakage of water pipes; or

C. Breakage or operation of pressure relief devices.

 4. Riot or Civil Commotion

 5. Aircraft, including self-propelled missiles and spacecraft.

 6. Vehicles, meaning impact by a vehicle.

This peril does not apply to loss to fences, driveways and walks caused by vehicles owned or operated by you or an occupant of the insured premises.

7. Smoke, if the loss is sudden and accidental.

This peril does not apply to loss caused by smoke from fireplaces or from agricultural smudging or industrial operations.

8. Vandalism or Malicious Mischief

This peril does not apply to loss:

A. By theft, burglary or larceny. This peril does apply to damage to the covered dwelling or covered other structures which is caused by burglars;

B. At the insured premises if the covered dwelling has been vacant for more than 30 consecutive days immediately before the loss. A dwelling under construction is not considered vacant; or

C. To glass or safety glazing material which is part of the covered dwelling or covered other structures, except for glass building blocks.

Ohio Landlord Insurance – Choose Your Coverage Forms Wisely!

The Basic Dwelling Fire Form is the least expensive option for rental properties but it also offers very limited coverage. Additionally losses are settled on an actual cash value method of loss settlement.  This means a deduction for depreciation will be taken into consideration for loss settlements.

The Broad and Special Dwelling Fire Coverage Form may provide replacement cost coverage with no deduction for depreciation. ACV is an option on all 3 forms but is mandatory on the Basic Form.

The information we have considered here is only one aspect of the options available for Landlord Insurance Policies. It’s important for you to take time to read your individual policy for further understanding of coverage terms, options and exclusions.

Ohio Landlord Insurance – Call Us Today!

We hope this information was helpful and if you have not yet spoken with one of our specialist please take time to call us right now by dialing 800-998-0662 or click on links specific to your state that are listed below to request information and quotes 7 days per week twenty four hours per day:

• Landlord Insurance Ohio
• Michigan Landlord Insurance
• Indiana Landlord Insurance
• Landlord Insurance Kentucky
• Tennessee Landlord Insurance
• Landlord Insurance Georgia
• Florida Landlord Insurance
• Minnesota Landlord Insurance
• Maryland Landlord Insurance