• Skip to primary navigation
  • Skip to main content
Prokop Insurance Services

Prokop Insurance Agency

Plymouth, Minneapolis, St. Paul and Minnesota Insurance Pros

  • About Us
    • Prokop Insurance Agency FAQs
    • Team
      • Robert Prokop
    • Testimonials
  • Auto
  • Home
  • Insurance Products
    • Auto Insurance
    • Boating Insurance
    • Classic Car Insurance
    • E-bike Insurance
    • Home Insurance
    • Life Insurance
    • Motorcycle Insurance
    • Pet Insurance
    • Renters Insurance
    • RV Insurance
    • Slingshot Three-Wheeler Insurance
    • Umbrella Insurance
  • Commercial Insurance
    • Auto Dealership
    • Business Liability
    • Commercial Auto Insurance
    • Box Truck Insurance
    • Commercial Property Insurance
    • Contractor Insurance
    • Cyber Liability Insurance
    • Errors & Omission Insurance
    • Farm & Ranch Insurance
    • Group Health Insurance
    • Landlord Insurance
    • Liquor Liability Insurance
    • Restaurant Insurance
    • Ridesharing and Car-Sharing Insurance
    • Workers Compensation Insurance
  • Resources
  • Partners
  • Contact Us
    • Schedule Appointment
  • Show Search
Hide Search
Home » Commercial Insurance » Landlord Insurance

Landlord Insurance

Landlord insurance protects investment property, rental income, and owners from financial losses and legal liabilities from renting the property to tenants. These well-known risks include maintaining the property and managing tenants; landlords are exposed to potential lawsuits.

Benefits of having landlord insurance:

  • Peace of mind: Knowing that you are financially protected in the event of a loss can give you peace of mind and allow you to focus on managing your rental property.
  • Financial protection: Landlord liability insurance can help you cover the cost of repairs, legal fees, and lost rent if your rental property is damaged or a tenant is injured.
  • Compliance with lender requirements: Many lenders require landlords to have landlord insurance as a condition of financing a rental property.

Landlord insurance may provide coverage for:

  • Property damage: Landlord insurance can protect against damage caused by perils such as fire, storms, vandalism, and theft.
  • Loss of rental income: Landlord insurance can also provide coverage for risks unique to rental properties, such as tenant default, eviction costs, and fair housing violations. It also covers the rental property if it becomes uninhabitable due to a covered loss. Landlord insurance can provide coverage for the lost rental income during the repair or rebuilding process.
  • Liability claims: Landlord insurance can protect against lawsuits and legal claims brought by tenants, guests, or third parties for injuries or damages that occur on the rental property. If you’re ever found liable for someone injured on your property, or if you are required to pay for damage done to someone else’s property, it can cost you heavily.

Landlord insurance does not cover damages inside rental units or property damage. caused by tenants. Make sure all tenants have renters insurance.

What does Landlord property insurance help cover?

Landlord liability coverage kicks in to help pay medical expenses for injured tenants or legal defense and court judgments made against you for other damages up to the limits stated in your policy. Coverage may include:

  • Tenant injuries
  • Proper security for your tenants
  • Unlawful behavior by tenants
  • General Liability
  • Fair Rental Value Coverage
  • Inflation Protection
  • Personal Injury Protection
  • Lock replacement

Discounts for Landlords

You may qualify for a discount on Landlord Insurance policies, including:

  • Multiple policies
  • New/renovated homes
  • And more

What’s the cost of Landlord Insurance?

Our Company specializes in covering local owners like you. We have everything you’ll need, including:

  • Monthly payment options
  • Coverage of staff
  • Claims responsiveness
  • Tailored coverage
  • Knowledgeable agents
  • Fast and simple

Don’t rent a house without it…

Why We’re Different

While most insurance products are similar in price and function, insurance providers vary when structuring a policy tailored to you.

After all, there’s no such thing as a one-size-fits-all insurance policy for your business.

Contact us today for a no-obligation quote, and we’ll help you protect what matters most.

Prokop Insurance Services
Email: service@prokopinsurance.com
Phone: 612-333-7767
9900 13th Ave N STE 200
Plymouth, MN 55441

Copyright © 2025 · Prokop Insurance Agency

Get A Quote Today

Embark on a new chapter with a no-obligation auto or home insurance quote. Start your journey towards savings and superior coverage today.

Auto Insurance Quote
Home Insurancex Quote
Life Insurance Quote