Landlord insurance in Orlando

If you’re lucky enough to have a rental property in Orlando, you probably don’t have too much trouble finding tenants. And making sure your property is protected with the right insurance product is essential. In most cases, this means you need landlord insurance.

How much does landlord insurance cost in Florida? 

Landlord policies, often called DP3 insurance, generally cost about 25% more than a standard homeowners policy, according to the Insurance Information Institute. The reason? Landlords face additional risks and may be more likely to file an insurance claim. 

Unfortunately, Florida has some of the most expensive home insurance in the US. The average homeowners policy costs $2,165 per year in the Sunshine State. (For comparison, the US average is $1,311.) That means your landlord insurance annual premium may be more than $2,700.

There are plenty of reasons why insurance is so expensive in Florida. One of the biggest factors is reinsurance, but increasing  weather-related risks play a role, too.

How to save money on landlord insurance

Your first step towards affordable landlord insurance is to get a quote for a DP3 policy from us. While we can’t promise that every landlord will save money, we know customers report saving $500 when they switch to Kin.* 

Our technology is one of the main reasons we can help so many landlords save on their coverage. Because we examine as much granular insurance data as possible, we’re able to offer premiums that are fair and accurate for your property’s risk.

In addition to that, we offer several discounts to landlords. You may be eligible for a discount if you:

• Install fire sprinklers and burglar alarms.

• Get a water leak monitoring device.

• Harden your home against hurricane winds.

• Opt for an electronic policy.

Sometimes Florida landlords choose to lower their insurance premiums by asking for a higher deductible. We offer the following deductible options for landlord insurance in Orlando, FL:

• Standard deductible options

  • $500

  • $1,000

  • $2,500

  • $5,000

• Hurricane deductible options

  • Flat-rate option: $500

  • Percentage of Coverage A options:

    • 1%

    • 2%

    • 5%

    • 10%

Going with a lower deductible can lower your premium. Just be sure to pick an amount that you can comfortably afford if you ever have to file a claim.

Frequently asked questions about landlord insurance 

Getting the right coverage for your situation is a key step to becoming a landlord. Here are a few links to help answer some of the important questions you’re probably already asking.

• What is landlord insurance?

• What does landlord insurance cover?

• How does landlord insurance work?

• Is renters insurance the same as homeowners insurance?

• Does homeowners insurance cover tenants?

Resources for Orlando landlords

Whether you’re a first-time landlord or a seasoned professional, these resources can help you navigate many common situations you might encounter.

• Insurance for Airbnbs and other short-term rentals

• Landlord/tenant law from the Florida Department of Agriculture and Consumer Services

• Office of Tenant Services, Orange County, FL, Government

How to get landlord insurance in Orlando, FL

While other insurance companies have withdrawn from offering property insurance in Florida, Kin is proud to offer affordable coverage to landlords who need it most. We are committed to Florida for the long haul. 

If you own a rental property in Orlando, FL, get a quote for landlord insurance from Kin.

Additional landlord insurance guides for select cities

*Customers who switched to Kin report annual savings of $574 on average. Based on Kin Customer Savings Survey conducted from October 2022 to October 2023. Potential savings may vary.