Landlord Protection® insurance
Residential rental property coverage you can count on.
Named peril coverage will provide coverage only if one of the named perils you are protected against is the direct cause of your loss. Common examples of named perils include fire, vandalism, smoke, and hail. Named peril coverage is less expensive but offers less protection than open perils.
Open perils coverage, on the other hand, protects against any cause of loss that isn't specifically excluded on your policy. You're also protected against all the named perils including theft of your personal property that may be at your rental property.
Your Safeco independent agent can help you select the right coverage for your situation.
I own a small building with four apartments and retail space on the ground floor. Is Safeco Landlord Protection Insurance right for me?
Safeco Landlord Protection insurance is intended for non-commercial residential properties. The retail space makes the building mixed-use, which is not a type of property Safeco Landlord Protection insurance covers.
We own a second home that we use as a rental. Is Safeco Landlord Protection insurance right for us? Absolutely! This coverage is specifically designed to protect landlords like you. Safeco is one of the top providers of landlord insurance in the U.S. and covers residential rentals up to four units. This includes single family homes, condo units, duplexes, triplexes, and fourplexes. This coverage protects you from damage to the dwelling and from certain types of liability unique to landlords such as wrongful eviction, wrongful entry, and invasion of privacy claims.
What's the maximum number of rentals I can own and still get Safeco insurance? In most states, Safeco will insure you if you own a maximum of 16 rental units. A duplex, for example, counts as two units. Safeco landlord coverage combines elements of commercial and personal insurance to give you the best possible protection.
I own a small apartment building with retail space on the ground floor. Can I get coverage with Safeco? No. Safeco Landlord Protection insurance applies to non-commercial residential properties only. We do not cover mixed-use buildings or those used for retail or other commercial businesses.
I’m currently between tenants. Will Safeco write my policy? To be eligible for a Safeco policy, all units should be occupied by a tenant. However, there are exceptions, so talk with your local independent agent about your options. For example, if you're doing a light renovation between tenants, like painting or re-carpeting, you may be eligible to insure your rental with Safeco.
I regularly buy and "flip" rental properties. Is Safeco right for me? Not at this time. Safeco's coverages are designed for landlords who plan to own the investment for a while, not for those investing in speculative properties.
I own a duplex in which I live in one unit and rent the other one. Is there a landlord policy for my situation? Safeco's landlord protection policy is for dwellings occupied only by tenants. If you're living at the residence, you would insure your home with a Safeco homeowners policy. Your local Safeco agent can advise you on additional coverages you should consider in this case including personal offense or landlord’s furnishings.
Are there any types of houses Safeco won’t insure with a landlord policy? Safeco is a great choice for rental properties made of standard, stick-built construction. We do not insure mobile or manufactured homes, homes listed in a historic registry, homes with open foundation construction, homes with farming exposures, or older homes with outdated electrical wiring. Contact your local independent agent to discuss the construction details of your rental property.