If you own rental property in Ohio, your coverage needs are different from a standard homeowner. Once a property is rented to a tenant, a standard homeowners policy may not provide the protection you need as a landlord. Speak with a licensed agent to make sure your policy is appropriate for your situation.
Lambert Insurance Group has been working with Ohio real estate investors and landlords since 1953. We work with property owners who have single rentals as well as those with growing portfolios.
What Does a Landlord or Dwelling Fire Policy Typically Cover?
- Dwelling coverage — covers the structure of the rental property
- Loss of rents — may replace rental income if a covered loss makes the property temporarily uninhabitable
- Premises liability — covers bodily injury or property damage claims from tenants or visitors
- Optional contents coverage — for appliances or fixtures you own as the landlord
Coverage terms and conditions vary by policy. Always review your policy carefully and ask your agent what is and isn't included.
What Is Typically Not Covered?
- A tenant's personal belongings — tenants should have their own renters insurance policy
- Flood damage — typically requires a separate flood insurance policy
- Intentional damage — coverage for tenant-caused damage varies by policy and situation
What Affects Landlord Insurance Premiums in Ohio?
Property location, age, construction type, the number of units, occupancy type, coverage limits, and claims history all play a role in pricing. Premiums vary — speak with an agent to get options specific to your properties.
Who We Serve
We work with landlords and real estate investors across Westlake, Mayfield, Cleveland, Lakewood, Parma, Strongsville, and all of Northeast Ohio. Call or text us to discuss your portfolio.
Ready to Explore Your Options?
As an independent agency, we shop multiple carriers on your behalf. Call or text us and we'll get back to you promptly.