Landlord insurance for your rental
Landlord Insurance for Investment Property: what do investors actually need?
Landlord and rental property insurance for investors, including short-term rental and renovation coverage, with the mortgagee clause lenders require at closing. Final eligibility, pricing, and terms are subject to a complete application, credit and property review, and full underwriting.
- Landlord and rental property insurance for investors, including short-term rental and renovation coverage, with the mortgagee clause lenders require at closing.
- Every figure shown is an estimate for business-purpose investment property financing only — not an offer or commitment to lend.
- Simply Approved Mortgages is a licensed mortgage broker (NMLS #2620881), licensed for residential lending in Florida and Colorado and arranging business-purpose investor loans across our approved 37-jurisdiction footprint.
Why you need landlord insurance
No lender funds a rental without evidence of insurance naming them on the policy — and standard homeowners coverage does not apply to a tenant-occupied or nightly-rental property. Investor policies cover what actually goes wrong on a rental: tenant liability, loss of rents, vacancy during rehab, and short-term rental use.
We need a binder or evidence of insurance with the correct mortgagee clause and loan number before the file can fund.
A carrier can deny a claim on a tenant-occupied or nightly-rental property written under an owner-occupied policy.
If the unit is uninhabitable after a covered loss, loss-of-rents coverage keeps paying the mortgage while it is repaired.
Properties under rehab or sitting vacant typically need builder's risk or a vacancy endorsement, not a standard landlord policy.
Coverage points to confirm with your agent
- Named insured matching the entity that will hold title
- Dwelling coverage at or above the required replacement basis
- Loss of rents / rental income coverage
- Liability limits meeting the loan requirements
- Mortgagee clause and loan number on the evidence of insurance
- Vacant or builder's risk coverage during renovation, where applicable
- Flood coverage where the property sits in a mapped flood zone
- Short-term rental endorsement for nightly-rental properties
How it works
- 1
Get a quote for the property address, entity name, and intended use (long-term, Section 8, or short-term rental).
- 2
Match the named insured to the entity that will hold title, and confirm liability and loss-of-rents limits.
- 3
Send the binder with our mortgagee clause and loan number to your loan officer before closing.
Simply Approved Mortgages LLC is a mortgage broker — not a direct lender, law firm, tax advisor, insurance agency, bank, or title company. The partners listed here are independent companies that set their own pricing, terms, and eligibility. We may receive compensation if you open an account or purchase a service through these links, at no additional cost to you. Using a partner is never required to apply for or receive financing with us, and it does not affect your loan terms. Please do your own due diligence and consult your own attorney, accountant, and insurance professional.
How We Evaluate This Scenario
A DSCR file is judged on the property, not your tax returns: qualifying rent divided by PITIA — principal, interest, taxes, insurance, plus HOA and flood where they apply. Most programs use the lesser of the in-place lease rent and the appraiser's market rent, so a lease signed below market usually caps the ratio no matter how strong the comps look.
Three inputs move the outcome more than anything else: rent support on the appraiser's rent schedule (Form 1007 or 1025), the LTV tier, and the credit tier. Dropping leverage by five points or moving up a FICO band frequently changes pricing more than shopping a different lender does.
Before you write an offer, price taxes and insurance at post-sale levels rather than the seller's current bill. In reassess-on-transfer states and in coastal insurance markets, that single adjustment is the most common reason a deal that penciled at contract fails the ratio at underwriting.
Reviewed by Simply Approved Mortgages · NMLS #2620881. Business-purpose investor lending only.
Get your personalized investor loan quote
Pick the loan type that fits your deal and complete a short, tailored pre-qualification. A licensed loan officer follows up with an initial scenario review once we have your credit authorization and supporting documents — usually the same business day. Formal pricing and terms follow underwriting.
Pick a loan type
You can change this any time.Tell us about your scenario
The form below is tailored to DSCR rental loan — only the questions your program needs.