Rental Property

Owning rental property is a great investment, but it also comes with unique risks that traditional homeowners insurance doesn’t cover. Whether you rent out a single family home, a condo, or a portfolio of properties, Landlord Insurance protects you from the financial impact of unexpected damage, liability claims, and loss of rental income.

At Hallahan, McGuinness, & Lorys Ltd., we help property owners understand what they need and match them with coverage that fits the way they manage their rentals.

Why Landlord Insurance Matters

A standard homeowners policy is designed for an owner occupied residence. Once you rent the home to tenants, your exposure changes. You’re now responsible not only for the property itself but for the safety of the people living there.

Landlord Insurance fills those gaps by covering risks that come with renting, such as tenant caused damage, injuries on the property, and lost income after a major claim.

What Landlord Insurance Typically Covers

• Property Damage
Covers the structure of the home if it’s damaged by fire, storms, vandalism, or other covered events.

• Liability Protection
If a tenant or visitor is injured on the property and holds you responsible, liability coverage helps with legal costs, settlements, and medical expenses.

• Loss of Rental Income
If your property becomes uninhabitable due to a covered loss, this helps replace lost rental income while repairs are being made.

• Landlord Furnishings
Covers items you own and provide, such as appliances, carpeting, or light fixtures.

• Vandalism and Tenant Damage (optional depending on carrier)
Some policies offer added protection for intentional damage caused by tenants.

• Replacement Cost Options
We help you understand whether your policy pays for full replacement value or depreciated value.

If someone else lives in your property and pays rent, you should have Landlord coverage instead of homeowners insurance.

Why Work With HML?

You get more than a policy. You get guidance. Our team helps you:

• Compare carriers and pricing
• Understand policy differences that can impact a claim
• Make sure your liability limits match your exposure
• Add additional insureds when required by lenders or property managers
• Update coverage as your portfolio grows

We’re still one of the few family owned insurance agencies left, and our clients appreciate having real people to call when something goes wrong.

Get a Quote

If you’re renting out a home or thinking about turning a property into an investment, we’re here to help. Have questions? Call us at 914-939-8895 and we’ll help you figure out the right fit.

Protect your investment, your income, and your peace of mind.