Daprile Insurance Group

Rental Property Insurance in Ohio & Beyond

Experience easy access to affordable, high-quality Rental Property Insurance at Daprile Insurance Group. Serving Ohio, Pennsylvania & Florida.

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Daprile Insurance Group | Insurance in Ohio

Owning property in Ohio is a smart financial move, especially when it comes to rental and investment real estate. At Daprile Insurance Group, we understand the unique needs of property owners across the state. Whether you’re managing a single-family rental in Columbus or a multi-unit building in Cleveland, having the right insurance can help you protect your investment from a range of unexpected risks.

Rental Property Insurance Ohio

What Is Rental Property Insurance?

Rental property insurance, sometimes referred to as landlord insurance, is a type of policy that provides protection for properties that are leased to tenants. Unlike homeowners insurance, which typically covers owner-occupied residences, rental property insurance is designed specifically for properties that are rented out.

This type of policy may include coverage options related to the structure of the property, liability protection, and loss of rental income following a covered event. Depending on your specific situation, you may be able to tailor your policy to suit the size, location, and type of rental property you own in Ohio.

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How Does Investment Property Insurance Differ From Homeowners Insurance?

Investment property insurance serves a different purpose than standard homeowners insurance. While homeowners insurance is focused on protecting your primary residence and personal belongings, investment property insurance is structured for properties that generate income, such as rental homes, duplexes, or small apartment buildings.

Coverage under an investment property policy may focus more on protecting the building itself and mitigating financial risks associated with tenant-related issues. Optional policy features may include protections for vandalism, legal expenses, or specific types of natural damage, depending on the provider and policy terms.

  • Ohio’s real estate market presents many opportunities for property investors, with strong demand for rental housing in urban centers like Cincinnati, Dayton, and Akron. However, weather patterns, tenant-related damage, and other unexpected events can create financial setbacks for landlords.

    Having a dedicated rental property insurance policy may help reduce your exposure to these risks. For example, if a covered incident such as a fire or storm damages your rental unit, your policy may offer compensation for repairs or even temporary loss of rental income, depending on your coverage. Liability protection can also play an important role if a tenant or visitor is injured on the property.

  • Anyone who owns property for the purpose of generating income should consider investment property insurance. This includes:

    • Landlords renting out single-family homes
    • Owners of multi-unit residential buildings
    • Property investors with multiple real estate holdings
    • Individuals renting out vacation homes or secondary residences

     

    Even if a property is only rented part-time, standard homeowners insurance may not cover losses incurred during periods when the home is leased. An investment property policy can help fill that gap.

  • Daprile Insurance Group works with clients throughout Ohio to protect a variety of property types, including:

    • Single-family rental homes
    • Duplexes and triplexes
    • Condominiums used as rentals
    • Townhomes
    • Small apartment buildings
    • Seasonal or vacation rental properties

     

    Each property has its own set of insurance considerations. We can help you explore policy options that fit the specific characteristics and use of your rental or investment property.

  • Several variables may influence the cost of your rental or investment property insurance policy in Ohio. These may include:

    • Location and neighborhood risk factors
    • Property age and construction type
    • Property value and size
    • Type of tenants (short-term vs. long-term)
    • Claims history
    • Selected coverages and deductibles

     

    At Daprile Insurance Group, we take time to evaluate your unique situation. Our goal is to help you find policies that balance adequate protection with affordable premiums.

  • The specifics of rental property and investment property insurance can vary depending on the insurer and the needs of the property owner. Coverage options may include:

    • Dwelling Protection: May help cover damage to the physical structure caused by covered events.
    • Liability Coverage: Could offer protection in case someone is injured on the property and files a claim.
    • Loss of Rental Income: May provide reimbursement if the property becomes uninhabitable due to a covered loss.
    • Personal Property Coverage: If you provide furnished units, this may help protect your items.
    • Optional Add-ons: Depending on your needs, options like vandalism coverage, ordinance or law coverage, and equipment breakdown may be available.

     

    Our team will walk you through your options so you can make an informed decision based on your goals and risks.

  • As an independent agency based in Ohio, Daprile Insurance Group brings a local perspective to your insurance needs. We work with a network of trusted insurance carriers to offer flexible policy options for rental and investment properties across the state.

    Our advisors take a consultative approach, helping you assess your risks, understand your coverage options, and stay informed about changes in the insurance landscape. Whether you’re new to property investing or managing a growing portfolio, we’re here to support your long-term success.

  • Getting started with rental property or investment property insurance in Ohio is simple. Here’s how you can begin:

    1. Contact Our Team: Reach out to us via our online form.
    2. Discuss Your Property: We’ll ask questions to better understand your property and goals.
    3. Review Policy Options: We’ll provide recommendations and walk through available coverage choices.
    4. Customize Your Plan: Tailor a policy to meet your unique needs and budget.
    5. Get Covered: Once your policy is in place, we’ll continue to support you through renewals, updates, and claims.
Rental Property Insurance Ohio

Ready to Protect Your Ohio Property?

If you’re a landlord or investor looking for insurance solutions in Ohio, Daprile Insurance Group is here to help. Reach out today for a personalized consultation and discover how we can help safeguard your rental and investment properties.

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