Steadily is the best-rated landlord insurance company in America
We've gotten more than $776 million in property insured in Texas
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Fast & Affordable Landlord Insurance in Texas
Take the risk out of your investment. Landlord insurance is built for rental property owners who want to protect their investment.
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You Need Landlord Insurance in Texas
Texas is a landlord-friendly state and has a high demand for rental properties. The great state of Texas also ranks number one in the nation for occurring natural disasters. Since 1950 there have been 86 significant disasters that have been declared. There is typically at least one natural disaster that is reported in the Lonestar state each year. Texas real estate is ravaged by wildfires, hurricanes, hailstorms, tornados, sinkholes, and erosion each year. Landlord Insurance helps protect your rental property from any naturally occurring disasters, as well as liability insurance and many more coverages. Get a commitment-free landlord insurance quote today for coverage as early as the next day.
We wrote an article as a free resource about being a landlord in Texas. It covers what to expect and how to prepare. We hope it helps!
How Much Does Landlord Insurance Cost in Texas?
The cost of landlord insurance in Texas is about $1336 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
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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
$4,725.00
Single-family
Typical Premium
$1,664.00
Condo units
Typical Premium
$731.00
Multi-family
Typical Premium
$1,919.00
Manufactured
Typical Premium
$1,526.00
Vacant or restoration
Typical Premium
$2,585.00
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:
2,143
87.89%
6.87%
0.36%
Stucco:
Brick:
Log:
4.94%
70.67%
0.00%
Above Average:
Custom:
Economy:
Standard:
Premium:
4.30%
0.73%
24.48%
70.16%
0.06%
Boiler:
Heat Pump:
Furnace:
Direct Heat:
4.38%
0.39%
95.14%
0.03%
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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