Rental Dwelling
As a landlord, you focus on maintaining your properties and keeping rental income flowing. So when it comes to insurance, leave it to us. Protect your rental investments with a policy from Auto-Owners.
We offer competitive rates and coverages that can be tailored to your specific needs. Contact your local independent agency to discuss which coverages are right for you.
Coverages
Dwelling Coverage
Covers your rental home and any attached structures.
Other Structures
Covers structures on your property that are not attached to your rental home, such as a detached garage, shed or pole barn.
Replacement Cost Loss Settlement
In the event of a total loss to your property, we will pay the cost to replace your rental dwelling with the same type and quality of materials. In order to help you determine how much coverage you need, your agent will help estimate your dwelling’s replacement cost.
Functional Replacement Cost Loss Settlement
For homes built before 1940, provides replacement or repair of the dwelling with current construction materials that function the same as the original construction.
Actual Cash Value Loss Settlement
In the event of a total loss to your property, we will pay the actual market value of your home.
Loss of Rents
Covers your loss of rental income when the dwelling is uninhabitable or cannot be rented due to a covered loss.
Optional Coverages
Personal Property Coverage
Optional coverage for your personal property.
Landlord Liability
This endorsement provides coverage for incidents where the landlord may be found liable.
Water Backup of Sewers or Drains
Backed up sewers or drains can wreak havoc on a home, causing damage to floors, walls, furniture and electrical systems. Coverage for water backup is available with a wide array of limits to suit your needs.
Increased Cost Endorsement
Coverage that provides an additional 25% above and beyond the dwelling limit, in the event that the dwelling limit is not enough to fully replace the home.
Ordinance or Law Coverage
Sometimes, local ordinances or laws can regulate construction, repair or demolition of the property. If this happens at the time of a loss, this coverage will pay to get you up to code.
Equipment Breakdown
Covers electrical and mechanical failures of equipment at your rental home, from air conditioners and heating units to computers and major appliances. Learn more about this coverage and see how you can protect your rental home.
Ways to Save
Multi-Policy Discount
Receive premium savings when you have other qualifying policies with Auto-Owners.
Life Multi-Policy Discount
Receive premium savings when you have a qualifying life insurance policy with Auto-Owners.
Payment History
You may qualify for a discount if you have paid your premiums on time in the past 36 months.
Paid-in-Full Discount
Save more if you pay your annual policy premium in full and on time. Discount does not apply for escrow direct bill accounts.
Protective Devices Discount
If you have protective devices such as smoke detectors, deadbolt locks and fire extinguishers, you may be eligible for this discount.
Deductibles
Assuming some of the risk yourself by choosing a higher deductible may reduce your policy premium.
Favorable Loss History
Receive a lower premium for favorable loss history.
How do I get a quote?
We offer our insurance products through independent agents because of the many advantages they offer you. Use our Agency Locator to find an independent insurance agent near you to get a quote.
This material is intended as a general guide or primer only and analysis of coverage is in general terms for the sake of simplicity and understanding. Any of the content provided on this webpage is superseded in all respects by the Insuring Agreements, Endorsements, Exclusions, Terms and Conditions of the Policy. The material on this webpage is not an exhaustive list of the coverages available. Some of the coverage mentioned in this material may not be applicable in all states or may have to be modified to conform to applicable state law. Some coverages may have been eliminated or modified since the posting of this material.