Florida Landlord Insurance

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The Sunshine State is one of the meccas for rental properties in the United States. If you’re a landlord renting out one or multiple properties to tenants, it’s pivotal that you protect each home with its own Florida landlord insurance policy.

Being a landlord in Florida has its perks because it seems like everyone is filtering into the state trying to get their piece of its endless beaches, amazing natural springs and great real estate. But even when a tenant moves out and your rental property sits vacant, you still need to maintain adequate Florida rental property insurance.

Keep in mind that there’s no such thing as temporary rental house insurance in Florida and a homeowners policy simply won’t fit the bill — or properly protect your investment properties. Landlord insurance, which is sometimes referred to as home insurance for landlords in Florida, is your only option.

So what exactly does landlord insurance in Florida consist of, what’s the average costs and what types of things are covered? Let’s dive into the details!

What’s Covered With a Florida Landlord Insurance Policy?


This covers the actual structure of your home and the components that make it, such as the roof, siding, windows, countertops and flooring. Since you’re not the one living in the home and taking care of it full time, the landlord’s dwelling coverage should be equal to or a little more than your home’s actual value.

Other Structures

Depending on the type of property you own, other structures coverage may or may not apply. If you rent out a house, this coverage extends to things like fences, sheds, carports and detached garages, and is typically up to 10 percent of the dwelling amount. However, if you’re renting one or a few units in a condo complex, there’s a good chance you won’t own any of these types of coverage and, therefore, don’t truly need it.

Personal Belongings

If you store on the rental property things like a lawnmower, tools for working on the home or other items that directly help you maintain your rental unit, these items would be covered under the personal belongings portion of your landlord policy. Unfortunately, your tenants’ belongings are not covered.

Landlord Liability

It’s a good idea to maintain adequate landlord liability protection in the event one of your tenants or their guest is injured on the property and you’re held liable. This could happen for a number of reasons, including a broken stair that wasn’t repaired or a faulty fix. This coverage helps to pay for medical bills and legal expenses up to your policy’s limits.

What Are Some Extra Florida Landlord Coverages to Consider?

Landlord Contents: For those landlords who furnish part or all of their rental properties, there’s an optional landlord contents coverage you’ll want to opt in to. This covers the belongings you keep in the unit, like furniture, electronics and appliances.

Construction: If the building codes change or you’re working on renovations, you’ll want to make sure you have coverage for your rental property that’s under construction. This helps mend the money until the home is ready for occupation again.

Loss of Income: If your rental property is hit by a covered peril and your tenants are forced to temporarily move out of the home, you’re not getting a rent payment each month. Luckily, this can help pay you the money you’re losing out on each month until the home is repaired and tenants are able to move back in.

Burglary & Vandalism: If your rental property is broken into and damaged or vandalized, purchasing additional coverage for burglary and vandalism will quickly become your best friend. This can help repair parts of your home that have been damaged or replace your property that was stolen.

What’s the Average Cost of Florida Landlord Insurance?

The average cost of landlord insurance depends on the price of the property you rent out and whether it’s a single-family home, multi-family home, single unit in a larger building or another type of property.

Depending on the property, Florida landlord insurance can include everything that’s in a standard homeowners policy, but that coverage pertains to the landlord’s belongings and liability incidents instead of the renters who live in the property. Perils can also be quite tricky.

From hurricanes and tropical storms to hail damage and tornadoes, Florida sees quite a bit of natural disasters. Although costs of landlord insurance fluctuate throughout the country, landlords in Florida can expect to pay a bit more for coverage on their rental properties than on their own homes.

  • Average Cost of Landlord Insurance in Florida: $2,300 per year

Compare and Buy the Best Landlord Insurance in Florida

At Clovered, we’ve made getting the perfect Florida landlord policy easier than ever. Our online quoting tool allows you to plug in your rental property’s address and compare multiple quotes from multiple carriers to get the coverage you need at the price you deserve.

Being a landlord in Florida has never been easier because we partner with many companies in the Sunshine State, so it only takes a few minutes to get a quote for the most affordable landlord insurance in Florida from some of the state’s top insurers.

Protect Your Investment With Landlord Insurance

You've worked hard to buy your rental property. Protect it with a custom policy at an affordable price.

The editorial content on Clovered’s website is meant to be informational material and should not be considered legal advice.