Landlord Insurance Calculator

Landlord insurance (often called a DP-3 or dwelling fire policy) is built for a property you rent out rather than live in, so it covers loss of rental income if the property becomes uninhabitable after a covered event, and its liability coverage is written to address tenant-related claims rather than a homeowner's own household. A standard homeowners policy typically excludes or limits coverage once a property is rented to tenants, which is why this calculator's estimate applies a higher base rate than a comparable owner-occupied home would carry.

Property Age applies as a step-function multiplier rather than a smooth scale: properties 15 years old or younger get a 1.0x multiplier, properties 16 to 30 years old get 1.15x, and properties over 30 years old get 1.3x. That means two properties aged 20 and 28 get the identical age multiplier despite the 8-year gap, while a property aging from 30 to 31 crosses into a higher tier and sees a real premium jump.

Yes — Number of Units applies its own multiplier on top of the base premium: 1.0x for a single unit, 1.1x for two units, 1.2x for three to four units, and 1.4x above four units, reflecting the added liability and claims exposure of a larger multi-unit property. This is separate from Monthly Rent per Unit, which does not affect the premium at all in this model.

A higher deductible means you're agreeing to cover more of any claim out of pocket before the insurer pays, which reduces the insurer's expected payout on smaller claims and is reflected here as a discount multiplier — 0.9x at a $1,000+ deductible and 0.8x at $2,500 or higher, compared to the 1.0x baseline below $1,000. The tradeoff is that a higher deductible also means more of your own money at risk if you do need to file a claim.