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Landlord Insurance Calculator

Estimate the annual premium for a landlord (DP-3) rental dwelling policy. Size dwelling, liability, and loss-of-rent coverage, and see how deductible choice changes the premium.

Dwelling coverage

Replacement cost of the structure.

Base rate per $1,000 coverage

Typical US: $3–7. Coastal / high-risk: $8–25+.

Liability coverage

Monthly rent

Loss-of-rent coverage (months)

Include

Deductible

Risk multiplier

1.0 = typical. Raise for wildfire, flood, hurricane, or older homes.

Estimated annual premium

$1,728

$144/mo

Dwelling portion

$1,260

Liability portion

$204

% of monthly rent

6.5%

monthly premium ÷ rent

About landlord insurance

Landlord (DP-3 or rental dwelling) policies cost typically 15–25% more than a standard homeowners policy on the same property, because the risk profile is different. Loss-of-rent (Fair Rental Value) coverage replaces income if a covered loss makes the unit unrentable. Higher deductibles lower premium meaningfully.

This estimate is informational. Get three carrier quotes and confirm replacement cost, liability limits, and endorsements (ordinance or law, water backup, umbrella) before binding.

Editorial noteMaintained by EveryCalc - Reviewed June 2026

EveryCalc calculators are designed for fast, practical estimates with transparent inputs and no required account. We use plain formulas, visible assumptions, and related tools so visitors can check the result from more than one angle.

Results are informational only. For financial, tax, legal, medical, construction, or other high-impact decisions, verify the output against primary sources or a qualified professional.

Learn more about our review process on the EveryCalc methodology page.

How this calculator works

What this page estimates

This Landlord Insurance Calculator is built to give a quick, browser-based estimate for landlord insurance. Estimate the annual premium for a landlord (DP-3) rental dwelling policy. Size dwelling, liability, and loss-of-rent coverage, and see how deductible choice changes the premium. The inputs stay on the page during normal use, and the result should be treated as an estimate for planning, comparison, or education rather than professional advice.

Calculation approach

The calculator applies the standard relationship implied by the inputs, then formats the answer so it can be checked and reused. For finance tools, the most important step is using consistent units, rates, time periods, and assumptions before comparing the result with another calculator or outside quote.

Example workflow

For example, start with a realistic value you already know, change one input at a time, and watch how the answer moves. That makes it easier to tell whether the result is being driven by the main amount, the rate, the time period, or a unit conversion.

Practical checks

Use current, real-world numbers when the result affects money, health, tax, or legal decisions.
Run a low, base, and high case when the inputs are estimates.
Check the related calculators below when the next decision depends on a different assumption.

How to interpret the landlord insurance result

Best use

Use the result as a planning number for comparing payments, rates, returns, tax reserves, or cash-flow choices before you request a quote or make a commitment.

Cross-check

Compare the answer with the contract, lender estimate, tax form, brokerage statement, payroll record, or invoice that will control the real-world outcome.

Watch for

Do not rely on a single optimistic rate, return, or fee assumption. Money pages work best when you run low, base, and high cases and keep professional advice separate from the estimate.

This page belongs to the Finance calculator library, so the answer should be read in the context of the decision you are modeling rather than as a universal rule.

Before relying on this landlord insurance estimate

Most calculator mistakes come from the inputs, not the arithmetic. Use this short audit before you reuse the answer in a spreadsheet, quote, application, or important conversation.

Confirm source numbers

Match balances, rates, fees, taxes, income, and payment dates against the lender quote, payroll record, tax form, statement, invoice, or contract.

Separate cash flow from total cost

A lower monthly payment can still cost more over time if fees, interest, taxes, or a longer term are hidden in the structure.

Run conservative cases

Test at least one higher-cost or lower-return case before using the output for a purchase, refinance, investment, loan, or tax decision.

Rerun this page when the rate, price, term, fee, tax rule, income, expense, or expected holding period changes.

How to Use

Enter the dwelling coverage amount — this is the structure's replacement cost, not market value.
Enter a base rate per $1,000 of coverage — your carrier's quote is best; otherwise $3–7 is typical in most US markets.
Set liability coverage (usually $300,000 minimum for landlords, $500k–$1M recommended).
Decide whether to include loss-of-rent (Fair Rental Value) and how many months it covers.
Adjust deductible and risk multiplier for coastal, wildfire, or older properties to reach a realistic estimate.

Frequently Asked Questions

What's the difference between landlord insurance and homeowners insurance?

Landlord policies (DP-1, DP-2, DP-3) cover a rental dwelling, landlord liability, and optional loss of rent. Homeowners insurance (HO-3) covers personal property and living expenses, which aren't relevant when you don't live there. Landlord policies cost 15–25% more on average.

Do tenants' belongings need separate coverage?

Yes. Landlord policies don't cover tenant property. Most landlords require proof of renter's insurance from tenants before lease signing — it's cheap for tenants and protects everyone.

What is loss-of-rent (fair rental value) coverage?

If a covered loss (fire, storm, vandalism) makes the unit unrentable, loss-of-rent coverage pays the rent you would have collected while the unit is being repaired. Typically 6–12 months of coverage.

How much can a higher deductible save?

Raising a $1,000 deductible to $5,000 often cuts premium by 10–25%. Raising to $10,000 can cut it further, but make sure your emergency reserves cover the first-dollar exposure on each claim.