3744 Starrs Centre Drive • Canfield, OH 44406 • 330-533-1195

Ohio Rental Property Insurance

If you own a rental property; whether it is an apartment, duplex, or other rental home/condo, you know that your rental property is a big investment and you may depend on it for your income. So, when it comes to your rental property, you want to make sure that you are properly insured.

Here are a few features/options of insurance coverages that you can purchase for your apartment/rental property:

  • Building Coverage – covers the building and other structures at the described premises for covered causes of loss.
  • General Liability Coverage – protects you against legal liability caused by bodily injury, property damage, and personal injury and advertising injury.
  • Loss of Rental Income – covers the loss of business income caused by a suspension of operations because of a covered cause of loss to your premises, including extra expense incurred to the extent it minimizes the loss of income. (What if one of your rental properties had a fire? How would you make up for your loss of rental income while your property is unoccupied & undergoing constructive repairs?)
  • Building Ordinance or Law – covers the loss of value and increased cost due to the enforcement of municipal laws or ordinances regulating the construction or repair of buildings damaged by a covered cause of loss.
  • Equipment Breakdown – protects against loss or damage to covered property that results from mechanical breakdown, electrical damage, and explosion of a boiler or other covered events as specified in the policy form.


As the landlord of an apartment building / complex, certain duties of care are owed to your tenants and their guests. Most states require landlords to maintain safe premises, provide warnings for known hazards and to make all necessary repairs once a defect or problem becomes known.

The majority of liability claims against apartment owners involves a breach of warranty for habitability or a slip and fall / trip or fall injury. Now liability for any type of claim involving any bodily injury and/or property damage may or may not be covered under your current insurance program. Let the staff of L. Calvin Jones & company discuss and review insurance exposures with you. Our discussion may include:

  • Maintenance issues
  • If maintenance issues exist, are they being addressed?
  • Do you make tenants aware of existing problems?


What if your apartment buildings or rental properties are inadequately insured?  In other words, if one of your properties sustained a total loss from a covered peril such as fire or excessive winds, do you have adequate limits to reconstruct your building prior to the loss?  If your limits of coverage are inadequate, what would you do?  Making a decision such as this can be quite challenging. Let the associates at L. Calvin Jones & Company inform you of your options.

As a landlord, it is important that you purchase rental property insurance because it can cover major disasters, liability from lawsuits that can come from common property claims, and it can also insure that your income will continue if a disaster does strike.

You’ve worked hard to build your income, one renter at a time; don’t let one event take it all away! Call us today for a free rental property insurance quote.