Landlords at Risk: The Hidden Liabilities of Rental Property Ownership

Boynton Insurance Group | Protecting Main Street – Part 1

Owning rental property can be a smart investment—but without the right insurance, it can also be a ticking time bomb.

From burst pipes to tenant injuries, landlords face a unique blend of risks that can lead to major financial loss. A single lawsuit or uncovered event can wipe out months—or years—of rental income. That’s why it’s critical to go beyond basic property insurance and ensure your coverage addresses the real-world exposures landlords face every day.

🔹 1. Liability: When Tenants or Guests Get Hurt

If a tenant or visitor slips on icy steps or falls down a poorly lit staircase, you could be held liable. A solid landlord liability policy covers medical costs, legal fees, and settlements—protecting your assets if you're sued.

Common claim examples:

• A tenant’s guest falls on loose carpeting

• Mold-related health complaints

• Injuries from broken steps or fixtures

🔹 2. Property Protection That Goes Beyond the Building

Your property isn’t just a structure—it’s a revenue stream. Protecting it means having coverage for fire, theft, vandalism, and weather-related events. A comprehensive property insurance policy helps repair or replace what’s damaged, whether it’s a roof, a furnace, or a broken window after a break-in.

Make sure your policy covers:

• Detached structures like garages or sheds

• Appliances and fixtures provided for tenant use

• Replacement cost, not depreciated value

🔹 3. Lost Rent = Lost Income

If your unit is unlivable due to a covered event, loss of rental income coverage can help replace the rent you would have earned during the repairs. For many landlords, this coverage is the difference between staying afloat or falling behind.

🔹 4. Lawsuits and Legal Fees: Umbrella Coverage Matters

Even with standard liability insurance, legal costs from a major claim can add up quickly. Umbrella policies provide an extra layer of protection when primary limits are exhausted. It's a smart move for any landlord with multiple units or higher-value properties.

Why Work with Boynton Insurance Group?

At Boynton, we don’t believe in cookie-cutter coverage. We take the time to understand your property, your tenants, and your risk tolerance—then build a policy that protects your investment from every angle.

Whether you rent out a single-family home, a duplex, or a small apartment complex, our team can help you:

✅ Avoid common coverage gaps

✅ Understand your legal obligations

✅ Respond quickly if disaster strikes

Your rental property is a business. Make sure it’s protected like one. Let Boynton Insurance Group help you stay covered, confident, and profitable.

👉 Talk to us today about landlord coverage that works as hard as you do.

Get in Touch