Owning a rental property comes with unique risks — from property damage to tenant-related liability issues. Rider Insurance provides tailored Rental Property Insurance in Maryland designed to protect landlords, rental homes, multi-unit properties, and investment real estate. Based in Towson and serving property owners across the state, we ensure your building, income, and assets stay protected with the right property insurance in Maryland.
Comprehensive protection for Maryland landlords and rental property owners.
What Is Rental Property Insurance?
Rental property insurance — also known as landlord insurance or dwelling fire insurance — protects property owners who rent out homes, condos, apartments, or multi-unit buildings. Unlike a homeowners policy, it’s specifically designed to cover tenant-occupied properties.
A policy typically includes:
- Coverage for the structure/building
- Landlord liability protection
- Loss of rental income
- Detached structures (garage, shed, fences)
- Appliances provided with the rental property
This ensures your investment stays protected from financial losses caused by accidents, damage, or tenant-related issues.
What Rental Property Insurance Covers?
- 1. Property Damage: Protection against fire, storms, water damage, vandalism, and more.
- 2. Landlord Liability Insurance: Covers legal and medical costs if a tenant or visitor is injured on your property. .
- 3. Loss of Rental Income: If your property becomes uninhabitable after a covered loss, the policy replaces lost rent.
- 4. Dwelling Coverage: Repairs or rebuilds the structure itself after damage.
5. Additional Coverage Options
- Water/sewer backup
- Replacement cost coverage
- Premises liability extensions
- Short-term rental coverage (Airbnb/VRBO, if eligible)
We customize policies to match your property type and risk level.
Who Needs Rental Property Insurance in Maryland?
You may need rental property insurance in Maryland if you:
- Rent out a single-family home
- Own a duplex, triplex, or multi-unit building
- Rent condos or townhomes
- Own investment or vacation rental homes
- Lease a property long-term or short-term
- Want to protect income from rental properties
Even if your property is only rented part-time, specialized coverage is essential.
Why Choose Rider Insurance for Rental Property & Property Insurance in Maryland?
Rider Insurance is a trusted local agency offering protection for Maryland landlords:
- Local Maryland expertise — We understand state-specific risks & requirements.
- Independent agency advantage — We compare multiple insurers to get the best value.
- Customized coverage — Tailored policies for residential, multi-unit, and investment properties.
- Fast claims support — Towson-based agents ready to assist when you need help.
- Competitive pricing — Coverage designed to protect your cash flow and assets.
We protect Maryland property owners with the right combination of property insurance and landlord liability coverage.
Types of Properties We Insure in Maryland
- Single-family rental homes
- Townhomes and rowhomes
- Condos and apartment units
- Multi-dwelling properties
- Duplexes, triplexes, and fourplexes
- Student housing
- Investment and vacation rentals
- Long-term or short-term rental properties
How We Build Your Rental Property Insurance Plan
- Review Your Property & Tenant Use: We assess your building, occupancy type, age, and risks.
- Review Your Property & Tenant Use: As independent agents, we shop Maryland insurers for the best rate.
- Review Your Property & Tenant Use: Add liability, income protection, endorsements, and replacement cost.
- Review Your Property & Tenant Use: We help you stay protected year-round.
- Review Your Property & Tenant Use: Our Towson office is here whenever you need assistance.
FAQs About Rental Property Insurance in Maryland
Is rental property insurance required in Maryland?
While not legally required, lenders and property management companies often require it — and it’s essential to protect your investment.
What’s the difference between homeowners and rental property insurance?
Homeowners insurance covers owner-occupied homes. Rental property insurance covers tenant-occupied properties and includes landlord liability and income protection.
Does rental property insurance cover tenant belongings?
No. Tenants need renters insurance. We can provide renters insurance options if needed.
How much does rental property insurance cost in Maryland?
Pricing depends on location, building age, coverage limits, and tenant type. We compare multiple carriers to find the best rate.
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