Steadily is the best-rated landlord insurance company in America
We've gotten more than $55 million in property insured in New York
Rated Excellent (4.4 stars out of 5) on TrustPilot
get a quote in minutes
Fast & Affordable Landlord Insurance in New York
Easy online insurance for rental property owners and investors. Steadily is rated 4.5 out of 5 stars by landlords nationwide.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
.webp)
Why Get Landlord Insurance in New York?
New York has strict landlord-tenant laws that tend to benefit the tenant more than the landlord. There is a rent control law in place, and the eviction periods can take a long time (1-5 months). However, New York can be a lucrative rental market, and there is a high demand for rentals, with 67% of the people renting over ownership.
As a landlord in New York, it’s important to get protected by landlord insurance to prepare for the unexpected. The state is known for its competitive and expensive real estate market. Thankfully, New York doesn’t experience as many natural disasters as other states in the nation. However, getting landlord insurance will protect you from certain liabilities, such as a tenant slipping on your stairs.
How Much Does Landlord Insurance Cost in New York?
The cost of landlord insurance in New York is about $1396 per year, which is slightly higher than the national average.
Who is landlord insurance for?
Landlord insurance (also known as rental insurance) is a policy for people who rent their homes to others. Landlord insurance is not required for a landlord, but insurance can bring many benefits:
Legal liabilities
Fire and water damage
Financial protection against natural disasters
Protection for your furnishings
.jpg)
Properties we help
We help make it easy to get property insurance for whatever type of property you own.
We also help get coverage for Airbnbs and other rentals.
Apartment building
Typical Premium
$4,279.00
Single-family
Typical Premium
$1,427.00
Condo units
Typical Premium
$544.00
Multi-family
Typical Premium
$1,388.00
Manufactured
Typical Premium
Vacant or restoration
Typical Premium
$865.00
Building Data
Properties across the state vary in size and characteristics. Here is data on the properties we've insured.
Average Sq/Ft:
% Single Family:
% Duplex:
% Triplex:
Stucco:
Brick:
Log:
Above Average:
Custom:
Economy:
Standard:
Premium:
Boiler:
Heat Pump:
Furnace:
Direct Heat:
Coverages
Your insurance policy can cover a wide range of risks, or you can choose a limited set of coverages for a lower premium.
Fire
Because of modern safety codes, fires have become rarer, but the fires that do start tend to cause total destruction of the property.
Water
Broken pipes and appliance leaks are the most common and overall the most expensive property damage for rental properties.
Windstorm, hail, & lightning
Roof damage from storms has become increasingly common as the intensity and frequency of storms have increased over the last two decades.
Lawsuits
Liability protection covers the cost of defending you and settling claims from tenants and their guests for injuries sustained on your property.
Riot and civil commotion
When violent protests break out, riot coverage can pay to fix property damage caused by looters and protestors.
Vandalism & theft
Malicious mischief coverage, as it’s known, covers repairs to broken glass, graffiti removal, and replacement of stolen or damaged property like shared washing machines.
Injury
Injury protection can keep you from getting stuck with the cost of medical bills if a tenant or visitor gets injured on the property.
Bonus coverages
Many policies also include coverage for a long list of other perils such as riots or civil commotion, explosions, volcanic eruptions, and damage caused by vehicles.
Recent Insurance Quotes in New York
Nearby Cities
Get coverage in minutes
No hidden cancellation fees. Competitive rates nationwide.