Kansas Landlord Insurance
Get a full analysis of Kansas landlord insurance costs, coverage, and companies.
Written by
Ann Herro has been writing about insurance and employee benefits for over 15 years. She has covered topics as easy as insuring a car, and as difficult as transparency in healthcare costs.
Reviewed by
Jeff Green has held a variety of sales and management roles at life insurance companies, Wall street firms, and distribution organizations over his 40-year career. He was previously Finra 7,24,66 registered and held life insurance licenses in multiple states. He is a graduate of Stony Brook University.
Find the Best Landlord Insurance Options in Kansas
Whether you're looking to rent out a single-family home, or you own a multi-family apartment complex, you need to ensure that your rental property has protection against disasters, damaging weather, fire, or theft that could be financially disastrous. You also need to protect your assets in case you are sued for some type of negligence.
Landlord insurance is the best way to protect your investment in a Kansas rental property.
A local independent insurance agent can help you get landlord insurance quotes from multiple insurance companies in Kansas so you can find the policy that best meets your needs and budget.
Best Landlord Insurance Companies in Kansas
Several insurance companies offer highly rated Kansas landlord insurance. The following are some of the best landlord insurance companies in Kansas. These companies provide a mix of valuable coverage offerings and competitive pricing.
- Progressive: Progressive is based in Ohio and offers personal insurance, including landlord insurance. Kansas residents can look to Progressive for most of their personal insurance needs.
- Travelers: Travelers offers highly rated landlord insurance in Kansas. It can meet your additional personal insurance needs with a full line of products, including homeowners, auto, boat, identity theft, umbrella, and other coverages.
- Stillwater Insurance Group: Stillwater is a national personal and commercial lines carrier with rock-solid financial stability. The company can help you with your landlord insurance needs in Kansas.
- Foremost Insurance Company: Foremost was founded in 1952 and offers a wide range of coverage, including landlord insurance, in 50 states.
- Safeco: Safeco has been protecting individuals and families since 1923. The company offers landlord insurance in Kansas, as well as a comprehensive range of other personal insurance policies. Working through independent agents, Safeco makes it easy to get the best mix of coverage and pricing.
An independent insurance agent in your area can help you learn more about these and other landlord insurance companies in Kansas. A local agent can help you get competitive quotes for the coverage that fits your needs.
What Is Landlord Insurance?
Landlord insurance is similar to homeowners insurance in that it protects your residential property in the event of a fire, storm damage, or other covered perils.
The difference is that landlord insurance is written to specifically protect landlords in their unique situation, such as protecting the building but not the personal property of the tenants, as well as covering loss of rental income and the increased liability risks that landlords face.
Is Landlord Insurance Required in Kansas?
Landlord insurance is not required by law in Kansas.
If, however, you've worked with a lender to finance the purchase of your residential rental property in Kansas, the lender will require you to have landlord insurance as a condition of your loan.
An independent insurance agent in your area can help you determine how to cover your particular rental property appropriately.
What Does Landlord Insurance Cover in Kansas?
Landlord insurance in Kansas provides several different types of coverage:
- Dwelling coverage: Covers the building itself for any physical damage caused by fire, lightning, wind, hail, ice, snow, or other covered perils.
- Other structures coverage: Helps pay to repair detached structures (e.g., a garage or shed) on your rental property if they're damaged by a covered loss.
- Personal property coverage: Covers the landlord's personal property used to service the rental (e.g., lawnmowers, snowblowers, maintenance equipment) left on site if it's damaged by a covered loss. (This does not cover your tenants' possessions.)
- Landlord liability coverage: Protects you if someone is injured on your property or if you are responsible for damaging someone else’s property. Landlord liability insurance covers the costs of any medical treatment or property repairs that are required. If you're sued, it also covers legal costs (e.g., attorney fees, court costs, and financial settlements or judgments).
- Loss of rental income: Coverage for your lost rental income if your tenants have to move out so you can make repairs to your building after a fire, storm, or some other covered peril. (This does not provide coverage if your tenant can't pay the rent because of a job loss or financial problem.)
A local independent insurance agent can help you decide if you need additional types of coverage for your rental property.
What Else Can Kansas Landlord Insurance Cover?
Some insurance companies offer additional coverage options that you can include in your Kansas landlord insurance policy, such as:
- Non-occupied dwelling coverage: This provides coverage during the times that your rental property is vacant. Many insurance companies will not honor claims for damage that occurred in a home that had been vacant for more than 30 days unless the landlord carries this optional coverage.
- Building code coverage: This is most beneficial if you own an older property. Building codes may have changed since it was built, so if it is damaged, contractors doing repairs may identify additional renovations that are necessary to bring it up to code. This insurance can cover these unexpected extra costs.
- Rent guarantee insurance: This offers you some protection if a tenant fails to make rent payments. Your policy can cover the revenue losses for a set period of time, which is typically long enough for you to complete the eviction process. Rates are based mainly on the amount you charge in rent and the creditworthiness of your renters.
Rent guarantee insurance is sometimes called eviction insurance, as it may cover the cost of evictions. Keep in mind that this coverage is very expensive, and you won't likely recoup all of your losses. You'll have to pay a deductible, and it will typically only cover a percentage of the monthly rent up to a set limit.
Landlords in Kansas should be aware of the various coverage options that are available, so you can be sure you are getting all the coverage you need to protect your investment and your income. An independent insurance agent can help with your landlord insurance in Kansas.
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What's Not Covered by Landlord Insurance in Kansas
As with all insurance policies, landlord insurance has some limitations. Your Kansas landlord insurance policy will not cover:
- Flood damage: This isn't covered even if the flood is the direct result of a covered storm. To be covered, you will need to supplement your landlord insurance policy with a flood insurance policy.
- Intentional damage caused by tenants: Sometimes tenants act badly out of spite or in retaliation for an eviction notice. If they damage your property on purpose, most landlord insurance policies will not provide coverage. You will instead need to sue the tenant to get compensation.
- Normal wear and tear: Things break. Unless they broke because of a covered event, your landlord insurance policy will not cover them. If the refrigerator in your rental property suddenly stops working or if the hot water tank fails, you will need to cover repair or replacement costs on your own.
It is important to be aware of what your policy does and does not cover so that you do not face any unfortunate surprises later. When you work with an independent insurance agent in your area, your agent can help you review your policy and understand when your coverage doesn’t apply.
How Much Does Landlord Insurance Cost in Kansas?
Owning a rental property can sometimes be riskier than owning a private dwelling. For that reason, landlord insurance generally costs about 25% more than a standard homeowners policy in your area.
The cost of landlord insurance in Kansas can vary considerably based on your unique property and risk factors. The owner of a single-family rental home won't pay the same for landlord insurance as the owner of a multi-family apartment complex.
What's more, insurance companies calculate the relative risk to your properties and what to charge you for landlord insurance based on things like:
- The location, crime rate, and weather risks for your property
- The age, size, condition, and construction of the building
- The number of rental units
- Whether your complex has a swimming pool or other high-risk attributes
You may be able to save on your landlord insurance premiums if your buildings have fire sprinklers, burglar alarms, gated access, or other security systems installed in the complex and in the rental units.
Your best bet is to work with an independent insurance agent who can get quotes from multiple insurance companies in Kansas. You can compare costs and coverage and choose the landlord insurance policy that offers the best fit for your budget.
Kansas Landlord Insurance FAQs
Landlord insurance in Kansas provides several different types of coverage:
- Dwelling coverage: Covers the building itself for any physical damage caused by fire, lightning, wind, hail, ice, snow, or other covered perils.
- Other structures coverage: Helps pay to repair detached structures (e.g., a garage or shed) on your rental property if they're damaged by a covered loss.
- Personal property coverage: Covers the landlord's personal property used to service the rental (e.g., lawnmowers, snowblowers, maintenance equipment) left on site if it's damaged by a covered loss. (This does not cover your tenants' possessions.)
- Landlord liability coverage: Protects you if someone is injured on your property or if you are responsible for damaging someone else’s property.
- Loss of rental income: Coverage for your lost rental income if your tenants have to move out so you can repair your building after a fire, storm, or some other covered peril.
Residential property owners are not required by law to have a landlord insurance policy to rent out their property. If you have a mortgage on your rental property, your lender will require that you have landlord insurance.
There are also situations where an insurance company will require that the policy you purchase to protect your property is classified as landlord insurance, not homeowners insurance.
Whether you need landlord insurance or homeowners insurance is usually determined by how you use your property and the insurance company you select.
On average, landlords in the U.S. spend about $1,083 a year on their landlord insurance policies. Landlord insurance generally costs about 25% more than a standard homeowners insurance policy in your area.
Yes. Many landlords require tenants to purchase renters insurance to avoid disputes arising from damage to the renter's belongings, as well as any disputes over liability claims or lawsuits.
If you require your tenants to have renters insurance, it must be spelled out as part of the lease agreement, with specific tenant responsibilities and the consequences of not providing proof of insurance made clear.
We recommend several top landlord insurance companies in Kansas, including Travelers, Progressive, Stillwater, Foremost, and Safeco.
Your landlord insurance covers damage caused by tenants in some circumstances. Here’s how landlord insurance in Kansas typically responds to two different types of tenant damage:
- Sudden and accidental damage: Typically, landlord insurance in Kansas will cover sudden and accidental damage caused by a tenant. If, for example, the tenant accidentally causes a kitchen fire, any damage to walls, countertops, cabinets, and other covered parts of the building should be covered by your landlord insurance. Damage to your tenants’ furniture, cookware, and so on will be covered by their renters insurance, if they have it.
- Intentional damage: Standard landlord insurance policies can’t protect you if your tenant punches in a wall, kicks in a door, or otherwise intentionally damages some part of a unit.
When you purchase landlord insurance in Kansas, be sure that you understand exactly what is and is not covered. You may also be able to purchase certain types of optional coverage that fill in some of the gaps.
Standard landlord insurance in Kansas typically won't cover the cost of evictions. However, eviction insurance, or rent guarantee insurance, can be purchased separately from some insurance companies. It will cover some of the costs involved in an eviction, as well as some of the rent you miss out during the eviction process.
No, landlord insurance does not cover floods in Kansas. But you can purchase flood insurance designed for landlords from the National Flood Insurance Program and some private carriers.
A local independent insurance agent can help you find a competitively priced landlord insurance policy that meets your needs. Independent agents aren’t tied down to one carrier. They can get quotes from multiple insurance companies so you can choose the Kansas landlord insurance policy that best fits your needs and budget.
Contact an independent agent in your area today for a free, no-obligation consultation.
https://www.iii.org/article/coverage-for-renting-out-your-home