a landlord with AAA rental property insurance hands over keys to a rental

Rental Property Insurance

Insurance designed for landlords.

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Protect your assets with the right insurance for your needs.

With protection against dwelling damage, loss of rental income, and liability coverage, rental property insurance can provide peace of mind before you start renting out a home, apartment, or other dwelling.

What is rental property insurance? 

Rental property insurance—sometimes referred to as landlord insurance—can offer protection that a standard homeowners policy may not, including coverage in case of fire or a tenant falling down stairs and getting hurt. 

Rental property insurance policies may offer the following protections:

Dwelling Damage

Rental property insurance typically covers damage to your building structure as well as any kitchen appliances or furnishings you’ve provided to tenants. It may cover damage caused by perils such as fire, wind, and hail.

Loss of Rental Income

If a hazard such as a fire makes your property uninhabitable, landlord insurance may replace your lost rental income. AAA rental property policies include this type of coverage.

Liability Coverage

If a tenant or visitor gets knocked in the head by a falling awning or falls on a slippery walkway, you might end up in court. Premises liability protection may cover the injured person’s medical expenses as well as your legal costs.

What's the difference between rental property and renters insurance?

If a pipe bursts and damages the building, the landlord’s insurance pays the repair costs. If the flooding damages a tenant’s laptop, the tenant’s rental property insurance covers that. As a landlord, you may want to require that your tenants carry renters insurance to prevent any problems or misunderstandings down the line.

AAA offers special “extended replacement cost coverage,” which repairs or replaces your dwelling at today’s costs—up to 150 percent of the policy’s coverage limits. You may also purchase optional coverages for rebuilding your property according to modern building codes following a covered loss. 

What's covered by Rental Property Insurance

Rental property insurance is purchased by the building owner and typically covers:

  • The building structure itself
  • Other structures on the property, such as garages
  • It may also provide liability protection, covering medical expenses if someone gets injured on the premises.

What's covered by Renter's Insurance

Renters insurance is purchased by the tenants and:

  • Protects the tenants' own possessions against theft or damage
  • Includes liability coverage in case a visitor gets hurt in the renter’s unit.


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The availability, qualifications, and amounts of coverages, costs and discounts may vary from state to state and there may be coverages and discounts not listed here. In addition, other terms, conditions, and exclusions not described above may apply, and total savings may vary depending on the coverages purchased. For more information regarding your eligibility for certain coverages and savings opportunities, please contact your AAA agent. Insurance products in California offered by AAA Northern California Insurance Agency. License #0175868, in Nevada by AAA Nevada and in Utah by AAA Utah. Insurance provided by CSAA Insurance Group, a AAA insurer.