Steadily is the best-rated landlord insurance company in America
We've gotten more than $139 million in property insured in Pennsylvania
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Fast & Affordable Landlord Insurance in Pennsylvania
Take the risk out of your investment. Landlord insurance offers a level of protection that is just not offered with a standard insurance home policy.
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Being a Landlord in Pennsylvania
Pennsylvania is a landlord-friendly state. With an estimated 12.8 million residents, the landlord-tenant law allows more freedom for the landlord to operate. Here are some of the laws to make PA a Landlord-friendly state:
- A security deposit is not required. However, if the landlord collects a deposit, they can only charge an equivalent of two months of rent in the first year and then up to one month after the first year.
- The landlord must return the deposit (all or a part of) after 30 days of the tenant vacates the property.
- Rental Agreements are only required for leases that are 12 months or longer. However, it is in the best interest of both parties to have a written agreement no matter the length of the lease.
How Much Does Landlord Insurance Cost in Pennsylvania?
The cost of landlord insurance in Pennsylvania is about $988 per year, which is on par with 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
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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
$1,328.00
Single-family
Typical Premium
$1,162.00
Condo units
Typical Premium
$435.00
Multi-family
Typical Premium
$1,257.00
Manufactured
Typical Premium
Vacant or restoration
Typical Premium
$852.00
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:
1,977
63.79%
15.23%
5.46%
Stucco:
Brick:
Log:
2.87%
22.41%
0.00%
Above Average:
Custom:
Economy:
Standard:
Premium:
4.02%
0.29%
20.98%
74.43%
0.29%
Boiler:
Heat Pump:
Furnace:
Direct Heat:
12.64%
3.16%
72.70%
0.00%
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.
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