Minnesota Landlord Insurance

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  • Minnesota Landlord Insurance

Whether you’re renting out an apartment near one of the state’s many colleges, a rental house is going to a team of hockey players, you’re turning the key on a place in the downtown Twin Cities or you’ve set up a rental unit somewhere else in the state, Minnesota landlord insurance is your best bet to protect your property and financial wellbeing.

Landlord insurance in Minnesota provides pivotal coverage for all landlords in the state. So it doesn’t matter whether you’re renting out a single-family home, multi-unit apartment building or another type of property, investing in Minnesota landlord insurance coverage means you’re investing in your side hustle, full-time business or hobby — and, most importantly, yourself.

What’s Covered With a Minnesota 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 Minnesota Landlord Coverages to Consider?

Landlord Contents: For those Minnesota 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, adding loss of income into your Minnesota landlord insurance policy 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 and 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 Minnesota Landlord Insurance?

From freezing temperatures that burst pipes to heavy snowfall that caves in roofs, Minnesota faces its fair share of perils. But the average cost of landlord insurance in Minnesota doesn’t really reflect that, averaging just $1,550 per year to protect your property and finances.

  • Average Cost of Landlord Insurance in Minnesota: $1,550 per year

Compare and Buy the Best Landlord Insurance in Minnesota

Since we work hand in hand with some of the state’s top insurance companies, we’re able to include their policies in our proprietary online quoting tool, allowing us to bring you the best coverage at the best price.

Simply input your rental property’s address in our quoting engine, answer a few questions and, within minutes, you’ll have a policy that’s geared to your coverage needs and budget. We’ll do all the hard work so you can get back to business as quickly as possible.

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.