Some of our staff is working remotely from their homes. We are committed to continuing to provide the service you have come to expect, and will still be answering phone calls and responding to emails in a timely manner.
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
JMG Insurance Corp Logo

JMG

Personal, Business & Specialty Insurance Brokerage

Our Locations 1-844-304-7332
  • Personal
    • Auto Insurance
    • ATV Insurance
    • Boat & Yacht Insurance
    • Motorcycle Insurance
    • RV Insurance
    • Snowmobile Insurance
    • Flood Insurance
    • Homeowners Insurance
    • Rental Property Insurance
    • Renters Insurance
    • Umbrella Insurance
  • Business
    • Business Owners Policy
    • Auto Insurance
    • Flood Insurance
    • Errors & Omissions Insurance
    • General Liability Insurance
    • Workers Compensation Insurance
  • Life And Health
    • Client Services
    • Compliance
    • Employer Benefits
    • Individual Life and Health
    • Medicare
    • Student Accident & Specialty Coverage
    • Travel Insurance
  • Specialty
    • Car Wash Insurance
    • Commercial Marine Insurance
    • Condominium Insurance
    • Construction Insurance
    • Contractors Insurance
    • Cyber Liability Insurance
    • Franchise Insurance
    • Garage Insurance
    • Habitational Insurance
    • Homebuilders Insurance
    • Limo Insurance
    • Non-Profit Organizations
    • Pool & Spa Contractors Insurance
    • Public Transportation Insurance
    • Rage Room Insurance
    • Restaurant Insurance
    • Retail Insurance
    • School Accident Insurance
    • Special Event Insurance
    • Sports Insurance
    • Woodworkers Insurance
  • Surety
  • Certificates
    • CSR 24 Login
    • High Volume Certificate User
    • Indemnity Agreements
  • Claims
    • First Notice of Claims
  • About
    • Blog
    • Contact
    • Our Companies
    • JMG and SAN Network Partnerships
      • AllKane Insurance
      • SAN Network Partnerships
      • Baio Insurance
      • Beacon Insurance
      • Burlington Insurance
      • Frazao Insurance
      • Lambert’s Insurance
      • Max Fitelson and Son
      • Premier Insurance
      • Rabbett Insurance Agency
      • Svendsen Insurance
      • Westport Insurance Center
    • Testimonials
  • Client Login
  • Make a Payment

Rental Property Insurance

Request a Quote! An insurance quote does not impact your credit score.

Request a Quote
Home › Rental Property Insurance

Rental property insurance, otherwise known as landlord insurance, protects property owners against certain risks taken when they rent out their properties to tenants. This common type of insurance safeguards against loss of rental income and costly damage to a property caused by accidents or natural disasters. Landlords can gain peace of mind knowing their properties are covered with JMG!

Rental Property Insurance Coverage

House ready for rent For landlords, there are many risks and liabilities associated with renting out your property. Make sure to speak with the highly experienced insurance brokers at JMG Insurance Corp to acquire the right amount of coverage needed to protect your investment. Our policies are designed to offer a sense of security to landlords and ease for the properties.

Check out the various areas of coverage a rental property insurance policy provides:

Dwelling Coverage

Dwelling coverage covers direct or accidental physical loss to your rental dwelling and any personal property located therein. Your insurance policy may help pay for the repair or rebuilding of the physical structure if it becomes damaged by a covered hazard.

Landlords Personal Property Coverage

Keeping the building neat and clean is a duty most landlords take on. As a landlord, you may leave personal property used to service the rental on-site, such as lawnmowers or snow blowers. If this equipment is stolen or damaged, it may be covered under your personal property policy.

Liability Coverage

If a person were to be injured on your property, you could be liable to pay medical expenses. Liability coverage as part of landlord insurance may help you pay for another person’s legal expenses or medical bills in the event that the person is injured on your rental property and you are found responsible.

Loss of Rent Coverage

In the event of an incident, landlords can worry less when they have proper insurance coverage. Loss of Rent coverage will reimburse a landlord for lost rent if the income loss is caused by a covered claim. This may occur if your rental property becomes uninhabitable due to a fire, storm, or other covered incident.

Rental Property Insurance Policies

Rental Property Insurance policies come in three tiers that specify the ‘perils’ (specific risks or causes of loss covered by your policy) that are covered by each specific policy. These three tiers include the following:

Dwelling DP-1 Insurance Policy

Lightning about rental property A dwelling DP-1 Insurance policy is what is known as a ‘named perils insurance policy’, meaning all that perils that are insured by your policy are specifically named in the policy itself. Common perils that are insured against with DP1 insurance include:

  • Fire & Lightning
  • Internal Explosion & External Explosion
  • Windstorm & Hail
  • Riot & Civil Commotion
  • Smoke
  • Aircraft
  • Vehicles
  • Volcanic Explosion
  • Vandalism & Malicious Mischief

Keep in mind that most DP-1 policies are Actual Cash Value (ACV) policies that compute coverage by subtracting depreciation from the replacement cost. This means that, like car insurance, the older the dwelling gets, the less it is worth.

Dwelling DP-2 Insurance Policy

The DP2 insurance policy is also named risk, although its list of perils is much more extensive than a DP-1 Insurance Policy. Again, if damage occurs that is not plainly included in the policy, it will not receive coverage.

Dwelling DP-3 Insurance Policy

Dwelling DP-3 Insurance is known as an open peril policy, meaning that it covers all potential perils except those specifically included in the policy. DP-3 rental property insurance is the most comprehensive choice and is best suited for non-owner-occupied homes and rental properties because it covers the most broad range of perils, including:

  • Ordinance or Law
  • Earth Movement
  • Water Damage
  • Power Failure
  • Neglect
  • War
  • Nuclear Hazard
  • Intentional Loss
  • Governmental Action
  • Mold

Request A Quote Today!

Rental property insurance agent closing dealIf you rent out a vacation home or other investment property, rental property insurance is a must. With the amount of potential liabilities and risks that come with renting out a property, it is essential that you acquire the right amount of coverage for your property. JMG Insurance Corp is happy to provide a free quote for rental property insurance, contact us online today!

Primary Sidebar

Get Started!

  • *If your state is not shown, then JMG may not have a market for this state.
  • This field is for validation purposes and should be left unchanged.

Related Coverages

  • Auto Insurance
  • Commercial Flood Insurance
  • Flood Insurance
  • Health Insurance
  • Homeowners Insurance
  • Life Insurance
  • Rental Property Insurance
  • Renters Insurance
  • Umbrella Insurance

Instant Quote

An insurance quote does not impact your credit score. Coverage Now Quote will take approximately 3-5 minutes to complete.

Instant Quote Request a Quote

Footer

JMG Insurance Corp Logo

JMG Insurance Corp has been serving the insurance needs of our clients in Connecticut, New York, New Jersey, Massachusetts, Rhode Island and Hawaii since 1916.

  • About Us
  • Blog
  • Careers
  • Contact Us
  • Our Locations
JMG Insurance Corp 29 Haviland Street Norwalk, Connecticut 06854 1-844-304-7332 1-203-857-7848
Google Rating
4.8
John M. Glover Insurance Agency
John M. Glover Insurance Agency
4.8
Tammy Weiner
Tammy Weiner
14:53 09 Aug 23
Amazing personalize service. They were able to consolidate all of my insurance needs and save me a lot of money, while also upgrading my coverage and making sure all of my needs were met even in potential unforeseen circumstances. Would highly recommend, and I have not been so pleased with an insurance agency in many many years.
Dani
Dani
14:24 06 Aug 23
I have held multiple insurance policies through the John Glover agency, for as long as I can remember. The company is wonderful! All of the staff members are kind, personable, compassionate, and speedily efficient! I highly recommend them!
Chris R.
Chris R.
11:34 25 May 23
I have been a client (auto, home, and umbrella) for several years. The entire team at the agency is excellent. Francesca is always prompt in getting back to me, and the claims group is great. I also purchased a life insurance policy through them as well.
William Schrade
William Schrade
18:25 26 May 23
I'm so pleased with the service at JMG Agency. They shopped and saved me money on my policy even when I didn't request it. I needed insurance in another state where they are not licensed to sell but they went the extra mile and found an agency to rewrite my policy saving me almost 50%. I have complete trust in my agent Francesca and her assistant Crystal. I highly recommend this agency.Bill Schrade
Melanie Craig
Melanie Craig
11:13 08 Aug 23
Our agent
See All Reviews
powered by Google

© 2025 JMG Insurance Corp · Powered by 321 Web Marketing · Website Privacy Policy

Link to company Facebook page

Link to company Instagram page

Link to company LinkedIn page

Instant Quote