By Tyler Hunter | Revised August 19, 2026
Being a landlord can be a challenge. You have to protect a home that someone else lives in 24/7. What’s the best way to do that? Making sure your landlord insurance coverage is set up correctly is a great start. Here are a few points to consider.
Landlord insurance coverage is also known as dwelling fire insurance or a rental dwelling policy. This type of coverage protects rental properties and the owner’s risk in owning them. These policies typically cover single-family homes, duplexes, triplexes, and quads, but can extend to other property types too.
Rental dwelling policies can take multiple forms, and they typically start with fire coverage. Along with fire, the property can be protected from numerous other exposures. Landlord insurance can be customized to cover a variety of day-to-day risks, such as:
Fair Rental Value Coverage — If your property is damaged and deemed unlivable due to a covered loss, fair rental value coverage helps reimburse your lost income.
Personal Injury Protection — If someone claims you caused injuries through libel, slander, wrongful eviction, or unlawful entry, personal injury protection can help cover you. Make sure it’s part of the conversation with your agent.
Liability Protection — If a claim is made against you for accidental damage related to your rental property, liability coverage can provide important protection.
We can insure homes held in personal names or in an LLC, and we’re able to write individual rental properties at nearly all of our carriers. For landlords with larger portfolios, several of our markets — including Auto-Owners, REI PRO, SES, and American Modern — can insure unlimited schedules of homes with higher liability limits, and we can also structure these as commercial policies when that fits your situation better.
What’s the best way to purchase property insurance?
Going to an agent who sells for only one company works for some people, but not everyone. Getting quotes from multiple insurance carriers is a good way to make sure the rates you’re seeing are competitive. An agent who represents multiple companies can give you more options — and possibly better coverage.
If you’re in the market for landlord insurance, contact MBG Insurance, serving Springfield and the surrounding cities in Missouri and Northwest Arkansas. MBG Insurance offers landlord insurance policies through more than 10 insurance companies. We can help find the policy that meets your needs while saving you money.
About the Author
Tyler Hunter is a licensed producing agent at MBG Insurance’s Oak Grove, Missouri office, with a growing focus on commercial insurance. Learn more about Tyler and the rest of the agency on our Meet the Team page.