Investing & rentals
Rental Property Insurance for Davie Single-Family Landlords
Quick answer
A standard homeowner's policy is written for an owner who lives in the home and may not cover a rental. Tell your insurance agent before the tenant moves in and ask about a landlord (dwelling fire) policy, liability limits, loss of rent coverage, wind and flood. Discuss a lawful renters-insurance lease requirement with counsel and the insurance professional.
Match occupancy and policy terms before converting to a rental
Florida DFS renters-insurance overview explains that tenant contents coverage and policy terms vary; it is not a substitute for the owner’s structure or liability policy. Have a licensed agent compare your current occupancy classification with the proposed rental use.
FEMA effective flood maps provide zone evidence for a separate flood conversation. Ask about covered-loss conditions, exclusions, vacancy, deductibles and loss-of-rent limitations; no premium, endorsement or landlord coverage is guaranteed.
Coverage to ask about
| Coverage | What it's for |
|---|---|
| Dwelling | The structure itself |
| Liability | Injuries on the property |
| Loss of rent | Income if the home can't be lived in after a covered loss |
| Windstorm | May be separate or have its own deductible |
| Flood | Usually a separate policy |
Ways to keep premiums in check
- Get a current wind mitigation report
- Know your roof age and permit dates
- Check the flood zone for the address
- Keep records of updates to roof, plumbing, electrical and HVAC
Related Mora Realty Davie pages
Sources
- Florida DFS renters-insurance overview — Explains that tenant contents coverage and policy terms vary; it is not a substitute for the owner’s structure or liability policy
- FEMA effective flood maps — Provide zone evidence for a separate flood conversation