Landlord / Rental Property Insurance in Colorado Springs, CO
Owning a rental property can be a great investment. It also comes with real risk. A good landlord insurance policy helps protect your building, your rental income, and your finances if something goes wrong.
At Tony Holliday Insurance, we help rental property owners in Colorado Springs choose coverage that fits their property’s use. We keep it simple and explain what matters.
If you’re comparing all home policy types, start with Home Insurance in Colorado Springs
Quick Answer
Landlord insurance helps protect a home you rent to others. It typically covers the building and liability and may help with lost rental income after a covered loss.
Why Landlord Insurance Is Different From Homeowners Insurance
A common mistake is using a homeowner’s policy on a rented home.
Homeowners insurance is designed for the home you live in. Landlord insurance is designed for a home where your tenant lives. The risks differ, so the coverage differs.
If you live in the home you own, see Homeowners Insurance . If you rent your place, see Renters Insurance.
Landlord insurance often focuses on:
- The structure of the rental property
- Liability protection tied to tenants and visitors
- Loss of rental income after certain covered events
- Optional coverage for landlord-owned items used to service the rental
What Landlord / Rental Property Insurance Typically Covers
Most landlord policies include these core parts:
- Dwelling coverage
- Helps repair or rebuild the rental property after a covered loss, such as fire, hail, or wind.
- Other structures
- May cover detached garages, sheds, or fences, depending on the policy.
- Liability coverage
- Helps protect you if a tenant or guest claims you are responsible for an injury or property damage.
- Loss of rental income
- If the property can’t be rented after a covered loss, this may help replace income for a period, depending on policy terms.
- Medical payments
- Limited coverage that may help with minor injuries, depending on the policy.
What Landlord Insurance Usually Does Not Cover
Landlord insurance is strong, but it doesn’t cover everything.
Common exclusions or limits can include:
- Tenant belongings (your tenant should carry Renters Insurance
- Normal wear and tear or maintenance issues
- Damage from long-term leaks
- Vacancy beyond certain time limits unless you add coverage
- Flood and earthquake, unless added separately
- Intentional damage (coverage depends on policy terms)
If you want flood or earthquake protection, we can help you add the right coverage: Flood Insurance and Earthquake Insurance.
Real Problems Landlords Face in Colorado Springs
Property Damage Between Tenants
A unit can look fine for years, then need major repairs after a tenant moves out. A policy can help with covered losses, but it won't replace routine maintenance.
Liability Claims
Slippery walkways, loose railings, or unsafe steps can lead to injury claims. Liability coverage helps protect your finances if you're held responsible.
Weather Damage
Colorado Springs can see hail, wind, and sudden storms. A good policy helps protect the building when weather causes covered damage.
Loss of Rent After a Covered Loss
If a fire or major covered loss forces tenants out, loss-of-rent coverage can help maintain income while repairs are underway, based on your policy terms.
Coverage Choices That Matter Most
Choose a Deductible You Can Handle
A higher deductible can reduce premiums, but you need to be comfortable paying it when a claim happens.
Pick Liability Limits That Protect Your Savings
Many landlords choose higher liability limits because claims can grow quickly. If you want extra protection, an umbrella policy may be a smart add-on. See ( Personal Umbrella Insurance )
Optional Coverage Many Landlords Add
Umbrella Liability
Umbrella coverage can provide additional liability protection above your landlord policy and, in some cases, across multiple policies. Learn more about Personal Umbrella Insurance
Flood or Earthquake Options
If you want protection for flood or earthquake losses, we can show you what's available and help you decide. See Flood Insurance and Earthquake Insurance
Coverage for Landlord-Owned Items
If you provide appliances or furnishings, you may want coverage that reflects what you own inside the rental.If you also want to protect high-value items you own (outside the rental), see ( Valuable Items / Jewelry Insurance )
What We Need to Quote Landlord Insurance
Most quotes can start with:
- Rental property address
- Property type (single-family, duplex, etc.)
- Whether it’s a long-term or short-term rental
- Year built and basic updates, if known
- Current policy details if you already have coverage (helpful, not required)
How to Get a Landlord Insurance Quote
Step 1: Tell Us About the Rental
We confirm the property and its rental terms.
Step 2: Review Coverage Options
We'll go over dwelling, liability, loss of rent, and any add-ons you want.
Step 3: Choose What Fits
You pick what makes sense. We'll help you set it up correctly.
Serving Colorado Springs and Surrounding Areas
We help renters in nearby communities, including:
Get a Free Landlord Insurance Quote
If you want coverage that protects your rental property and reduces financial risk, start here. We'll keep it clear and help you choose with confidence.
Common Questions
Frequently Asked Questions
If the home is rented out, homeowners' coverage may not fit the risk. A landlord policy is built for rentals and is usually the safer option.
No. Tenants should have renters' insurance for their personal belongings. You can point them to Renters Insurance.
Many policies include loss-of-rent coverage after a covered loss, but terms and limits vary. We'll explain what your policy includes.
Vacancy rules vary. If the property will be vacant, please tell us so we can adjust coverage if needed.
Often, the same day, once we have the property address and basic details. You can start here: Get a Free Quote
