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

Call 513-662-7000 or 800-998-0662 to speak with one of our Ohio Landlord Insurance representatives about your insurance needs for your investment properties Monday – Friday 9AM – 5:30PM (EST). 

We offer Landlord Insurance in Ohio, Kentucky, Michigan, Indiana, Tennessee, Minnesota, Georgia, Maryland, and Florida and through our agent referral network in the remaining states.

Or Click on Landlord Insurance Cincinnati to send us your request for quotes 7 days per week.

Cincinnati Landlord Insurance – What is Available?

Investment properties can include single-family rental units, or multi unit apartment buildings. You can request quotes 24/7 when you click:

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

If you own single-family or multi-unit rental real estate you cannot insure said property under a typical homeowner’s insurance policy. The reason why is very straightforward – Homeowners insurance policies are designed for owner occupied properties. 

In the event a standard home policy is purchased for a property  you do not maintain as your primary and principal residence the insurance company will likely refuse to pay any claims associated with that property, so it’s important you purchase the correct policy.

The most common policy type available for landlords with 4 rental units or less is the Dwelling Fire Policy. Agents will sometimes refer to such policies as landlord home policies, but they are not the same as a traditional home policy. 

If you own a building with more than 4 units a commercial property policy form will be necessary and we offer the best options for apartment buildings in Ohio.  If you own apartment buildings click on the below links to obtain additional information and quotes 7 days per week:

• Apartment Building Insurance Ohio
• Apartment Building Insurance Indiana
• Michigan Apartment Building Insurance
• Kentucky Apartment Building Insurance
• Apartment Building Insurance Tennessee
• Apartment Building Insurance Georgia
• Florida Apartment Building Insurance

Landlord Insurance Cincinnati – What are the Options?

The landlord policy is typically available in 3 different policy forms:

DF-1 Basic Form- Click here to see what typically is covered under the DF-1

DF-2 Broad Form- Click here to see what typically is covered under the DF-2

DF-3 Special Form- Click here to see what typically is covered under the DF-3

It Is Important for You to Understand the Benefits and or Limitations of Each Landlord Insurance Policy Form.

If you select a DF-1 policy for your rental because it’s the cheapest insurance option, and your roof collapses because of the weight of snow or ice there is no coverage under this policy form.  Or let’s assume a water pipe breaks and ensuing damage is caused, no coverage is available under the DF-1.  (Read what is covered under the DF-1)

Carefully select the policy that is best for your circumstances and budget.  The DF-1 is the least expensive but has the most limitations of coverage while the DF-3 policy offers all risk on your Coverage A (and replacement cost coverage in most cases) in comparison to the DF-1 which only covers 8 different perils. Check your individual policy for complete details. Vandalism or Malicious Mischief may not be automatically covered under the DF-1 with all insurance companies offering rental insurance policies in Cincinnati but may need to be added as an option.

Additionally the DF-1 policy form is settled on an actual cash value basis (ACV) meaning that a deduction for depreciation is taken into consideration when settling your claim.

What does a deduction for depreciation signify?  Generally it means the insurance company will determine the value of the property based on an estimated amount of the destroyed item at the time of loss.  For instance, if your insurance company considers the life expectancy of a roof to be 20 years and your roof is 10 years old at the time of a loss the insurance company will (in addition to your deductible) subtract 50% from the loss amount!

So if the cost to replace a roof is $8,000 the insurance company subtracts $4,000 because of depreciation and then subtracts your deductible from that figure. (Ouch)

A replacement cost loss settlement only subtracts the deductible.  So as you can see replacement cost is a superior option, but the cost is more for this coverage so you should choose your coverage wisely to fit your budget and your circumstances. 

To Find an Insurance Company Offering the Best Price on Ohio Landlord Insurance Call 513-662-7000 or Click Ohio Landlord Insurance.