Landlord insurance in Hialeah

Situated in northwest Miami-Dade County, Hialeah is a thriving community that takes pride in its rich Latin heritage. Almost 96% of the city’s over 220,000 residents are Hispanic or Latino. But what’s probably more interesting to you, however, is that around 53% of Hialeah residents are renters. 

Chances are finding tenants in Hialeah is easy. Getting affordable landlord insurance for your rental property? That’s a different story – until now. 

Hi, we’re Kin. We’re a new kind of insurance company that’s dedicated to making coverage affordable for property owners. Let’s take a look at what landlord insurance costs and how we work to keep rates down.

How much does landlord insurance cost in Hialeah? 

According to the Insurance Information Institute, landlord policies generally cost about 25% more than a standard homeowners insurance policy to pay for increased protections. This helps pay for the protection required to cover the additional risks a property has when someone other than the owner lives in it.

The extra costs, however, may be particularly galling in Florida where property insurance is already expensive. Home insurance in the Sunshine State costs on average $2,156 per year, according to the most recent data from the Insurance Information Institute. That means your landlord insurance premiums could easily top $2,600.

As a landlord in Hialeah, you face a good chance of seeing premiums on the higher end of the scale. There are several reasons for this, including:

• Weather.  Hialeah’s proximity to the coast means you and your neighbors are more likely to experience hurricane damage.

• Crime. Hialeah has a higher-than-average property crime rate. Landlord insurance can cover damage caused by theft, vandalism, and arson, so the greater your chance of being a victim, the higher your insurance rates are.

These factors coupled with other issues in Florida, like costly reinsurance and excessive litigation, add up to high landlord insurance costs in Hialeah.

How Kin helps you save on landlord insurance in Hialeah

Florida home insurance rates keep going up, but we’re committed to keeping costs down. That starts with our technology, which pulls tons of publicly available data to help determine the risk your particular rental property faces. That way, your premium is accurate for your exposure. 

Next, we offer several discounts to help you save. You may be eligible for a discount if your residential rental property has fire sprinklers, burglar alarms, gated access, or other security systems.

You can also lower costs by choosing higher deductibles. Kin offers the following deductible options for landlord insurance in Hialeah.

• Standard deductible: $500, $1,000, $2,500, and $5,000

• Hurricane deductible:

  • Flat-rate option:  $500

  • Percentage of Coverage A options: 1%, 2%, 5%, or 10%

Not everyone ends up saving money on their landlord insurance when they switch to Kin, but those that do report annual savings of over $550 on average.*

Ready to see if we can help you save on landlord insurance? Enter your address or call 855-717-0022 to speak with a representative.

Frequently asked questions about landlord insurance

Getting the right coverage is essential when you own a rental property. Check out the articles linked below to learn more about landlord insurance.

• What is landlord insurance?

• How does landlord insurance work?

• Does homeowners insurance cover tenants?

Resources for landlords in Hialeah

• Insurance for Air B&Bs and other short term rentals

• Changing insurance when you start renting out your home

• Florida landlord and tenant law

• City of Hialeah Fair housing and equal opportunity information

• Miami-Dade County Evictions information 

• Miami-Dade County Office of Housing Advocacy

How to get landlord insurance in Hialeah

The first step to getting landlord insurance in Hialeah is to enter your address. You can also call us at 855-717-0022 to speak with an agent. Either way, we’ll walk you through the steps and get you a quote within minutes!

While other insurance companies may be withdrawing from Florida, we’re committed to serving homeowners there for the long haul.

Landlord insurance guides for Florida cities

 *Customers who switched to Kin report annual savings of $553 on average. Based on Kin Customer Savings Survey conducted October 2022 - October 2023. Potential savings may vary.