Updated April 17, 2026
Landlord insurance (also called "dwelling" or "DP" policies) covers the building structure, landlord liability, and lost rental income for rental properties. Separate from tenant renter's insurance.
Typical landlord policy: building coverage (rebuild cost), liability coverage (slip-and-fall, premises claims), loss of rents (if building becomes uninhabitable), and optional coverages (earthquake via separate policy, umbrella for excess liability). Costs 2026: meaningfully higher than 2021 due to wildfire risk reclassification.
LA multifamily insurance premiums have risen 30-60% from 2021 to 2026 driven by wildfire loss events and market reclassification. Some carriers have withdrawn from California multifamily. This is a material expense line for sellers preparing for sale — factor current premiums into operating statements.
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