Steadily is the best-rated landlord insurance company in America
We've gotten more than $111 million in property insured in Tennessee
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Fast & Affordable Landlord Insurance in Tennessee
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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An Insight of Being a Landlord in Tennessee
In 2019 33% of people rented their homes. Landlord-tenant law in Tennessee, except for requiring a rental license, favors landlords. The price of entry is low, also are the property taxes. The low costs and an economy experiencing high in-migration make Tennessee a great place to have rental properties.
Also, Tennessee is prone to natural disasters, with ice, hail, and lightning storms being the most common. See how we can cover your property! It’s a wise choice to get landlord insurance for your rental property.
How Much Does Landlord Insurance Cost in Tennessee?
The cost of landlord insurance in Tennessee is about $1026 per year, which is almost exactly the same as 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
Single-family
Typical Premium
$1,132.00
Condo units
Typical Premium
$958.00
Multi-family
Typical Premium
$2,101.00
Manufactured
Typical Premium
$635.00
Vacant or restoration
Typical Premium
$1,163.00
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:
1,735
87.76%
6.59%
1.13%
Stucco:
Brick:
Log:
0.94%
40.87%
0.00%
Above Average:
Custom:
Economy:
Standard:
Premium:
11.49%
1.32%
15.82%
71.37%
0.00%
Boiler:
Heat Pump:
Furnace:
Direct Heat:
5.08%
5.84%
88.89%
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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