Property Owners & Landlords Insurance in Louisiana
Protecting Louisiana rental property owners with specialized coverage that understands landlord risks, from tenant-caused damage to liability exposures and lost rental income.
We serve property owners & landlords businesses across Louisiana, from New Orleans to Shreveport and everywhere in between.
Top Risks Property Owners & Landlords Businesses Face in Louisiana
Property Owners & Landlords businesses in Louisiana face unique challenges that require specialized insurance protection. Understanding these risks is the first step toward comprehensive coverage that protects your business, employees, and livelihood.
Tenant-caused damage to your rental property
Liability claims from tenant or visitor injuries on your property
Lost rental income when properties are uninhabitable after damage
Hurricane and flood damage to rental properties across Louisiana
Legal liability from property maintenance issues or negligence
Theft or vandalism by tenants or third parties
Coverage Designed for Property Owners & Landlords
The right insurance coverage addresses the specific risks your property owners & landlords business faces. Here's how each recommended coverage protects you from the challenges unique to your industry.
Specialized landlord insurance that covers your rental property structure, even when tenant negligence causes damage, plus loss of rental income protection.
Protects against liability claims from tenant or visitor injuries on your property, property maintenance issues, or negligence that causes harm.
Covers your rental property buildings and structures from fire, storms, theft, vandalism, and other perils, even when tenant actions contribute to damage.
Replaces rental income when properties become uninhabitable due to covered damage, ensuring you can still pay mortgages and expenses during repairs.
How Watley Insurance Group Supports Property Owners & Landlords
As a Louisiana-based commercial insurance agency, we understand the unique challenges property owners & landlords businesses face in our state. We're not just insurance agents—we're your partners in protecting what you've built.
We Learn How Your Property Owners & Landlords Operation Works
Before recommending coverage, we take time to understand your specific operations, risks, and goals. This deep understanding ensures your policy addresses your actual exposures, not just generic industry risks.
We Shop Multiple Carriers Who Understand Your Industry
We work with insurance carriers that specialize in property owners & landlords coverage. By comparing multiple options, we find you the best combination of coverage and price from carriers who understand your industry's unique needs.
We Help You Manage Certificates, Changes, and Claims
Your relationship with us doesn't end at the sale. We help with certificates of insurance, policy changes, claims support, and ongoing risk management. When you need help, you'll talk to someone who knows your business.
Real-World Situations Where Coverage Matters
These scenarios illustrate how the right insurance coverage protects property owners & landlords businesses when unexpected events occur.
Tenant-Caused Fire Results in Major Damage
A tenant's negligence caused a fire that destroyed a rental property, making it uninhabitable for six months. Lessor's Risk coverage covered building repairs, and Loss of Rental Income coverage replaced the lost rent, protecting the landlord's investment.
Tenant Injury Leads to Liability Claim
A tenant was injured due to a property maintenance issue the landlord should have addressed. General Liability coverage handled medical expenses, legal defense, and settlement, protecting the landlord's personal and business assets.
Hurricane Damage Forces Tenant Evacuation
A hurricane damaged multiple rental properties, forcing tenants to evacuate for three months during repairs. Commercial Property coverage covered repairs, and Loss of Rental Income coverage replaced the lost rent, ensuring the landlord could continue paying mortgages.
Property Owners & Landlords Insurance FAQs
What's the difference between Lessor's Risk and standard property insurance?
Lessor's Risk is specialized landlord insurance that covers rental properties even when tenant negligence causes damage. It typically includes loss of rental income coverage and is designed for the unique risks landlords face. Standard property insurance may not adequately cover tenant-caused damage or rental income loss.
Do landlords need General Liability insurance?
Yes. Landlords can be held liable for tenant or visitor injuries on their property, especially if property maintenance issues or negligence contribute to injuries. General Liability coverage is essential protection against costly injury claims.
What is Loss of Rental Income coverage?
Loss of Rental Income coverage replaces rental income when properties become uninhabitable due to covered damage. This ensures landlords can continue paying mortgages, property taxes, and expenses during repairs, preventing financial hardship from temporary vacancies.
Are landlords liable for tenant-caused damage?
While tenants are typically responsible for damage they cause, landlords need insurance that covers the property structure regardless of who caused the damage. Lessor's Risk insurance covers building damage even when tenant negligence is involved, then the landlord can pursue the tenant for reimbursement.
How does landlord insurance protect against hurricane damage?
Commercial Property or Lessor's Risk coverage protects rental property structures from hurricane damage, while Loss of Rental Income coverage replaces rent during repairs. This is especially important in Louisiana, where hurricanes can cause extensive damage and long repair periods.
Get Coverage for Your Property Owners & Landlords Business
Tell us a little about your operation and a Louisiana-based agent from Watley Insurance Group will follow up with options tailored to your industry.
Let's Get You Insured Today
Fill out the form below or give us a call at 318-423-7445