If you rent out property in Montgomery County — a single-family home, a condo, or a small multi-unit building — your homeowners policy will not cover it. You need landlord insurance, and the right structure depends on the property.
Why Homeowners Insurance Doesn't Work for Rentals
A homeowners policy assumes you live there. Once a property is tenant-occupied, that policy can deny claims. Landlord (dwelling fire / DP-3) coverage is built for the rental exposure — including loss of rental income, which a homeowners policy does not provide.
What Landlord Insurance Covers
- The dwelling and other structures at replacement cost
- Liability for tenant and guest injuries on the property
- Loss of rental income if the unit becomes uninhabitable after a covered loss
- Optional vandalism, water backup, and equipment coverage
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Different Properties, Different Structures
A single-family or condo rental fits a DP-3 dwelling policy, sometimes with multi-unit endorsements through a specialty landlord carrier. Buildings of 5+ units typically move into commercial property coverage. We route each to the right market. See our landlord insurance overview.
Tell Your Tenants to Carry Renters Insurance
Your landlord policy covers the building, not your tenants' belongings or liability. Requiring tenants to carry renters insurance protects them and reduces disputes after a loss.
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Quick Summary
Rental property needs landlord (DP-3) coverage, not homeowners — including loss of rental income and liability. The structure differs for single-family, condo, and multi-unit properties, and tenants should carry their own renters insurance.
This article is general information from a licensed insurance agency, not legal or tax advice. Policy terms and your carrier's decisions control; consult an attorney about your specific situation.