How Do You Choose Your Insurance?
Updated 10 days ago (March 6, 2026)
Few landlords can afford adequate insurance to guard against all possible risks. You need to determine which types of insurance are important and how much insurance you need to purchase. There are many factors to consider, including the status and location of the rental property. While choosing insurance is not always an easy task, setting priorities, selecting high deductibles, inspecting your properties, and comparing different companies will be helpful.
It may also help to consider these questions: What insurance do you really need? What types of property losses would threaten the viability of your business? What kinds of liability lawsuits might destroy your business? Use your answers to tailor your coverage to protect against these potentially disastrous losses and common claims. Buy insurance against serious risks where the insurance is reasonably priced.
Legal Disclaimer: Tellus provides this content for informational purposes only. This is not legal advice. Laws vary by state and locality, and regulations may have changed since this article was published. Consult a qualified attorney for guidance specific to your situation.
State-by-State Guide
Laws on this topic vary significantly by state. Select a state below to read about its specific laws and statutes.