Rising Insurance Costs, What Landlords Can Do
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In today’s episode, we are tackling a challenge that just about every landlord is feeling right now: rising insurance costs.
We’re sharing real stories about our own rental properties, breaking down why insurance rates are climbing, and giving you practical tips on how to protect your investments without paying more than you have to.
You’ll hear why it’s so important to review your policy details, especially after upgrades, and how small changes might help you save money over time.
We’re also talking about the pros and cons of switching to lower-cost insurance companies like Progressive or Lemonade, plus giving you our honest take on insurance pooling and whether it’s worth the risk.
If you want to stay ahead of rising costs, protect your properties, and make smart insurance choices, this episode is packed with information you can use right now.
And don’t forget to grab our free Insurance Review Checklist for Landlords to help you spot easy updates you might be missing!
What You’ll Learn in This Episode:
✅ Why landlord insurance is getting more expensive—and what’s driving the trend
✅ How to make sure your policy reflects upgrades and reduces unnecessary risks
✅ Why increasing your deductible might make financial sense
✅ What to know before switching to lower-cost insurers like Progressive and Geico
✅ Our honest thoughts on insurance pooling programs (and why we’re cautious)
✅ How proactive maintenance and tenant education can help prevent claims
✅ How rising construction costs and building codes impact replacement values
Resources & Links Mentioned in This Episode:
🔗 NEW! FREE Insurance Review Checklist
🔗 Listen about Vacancy Insurance: Part 1: The Nuts and Bolts of Residential Rental Property Insurance (EP20)
🔗 Listen: Creating Standard Operating Procedures For Your Business (EP6)
🔗 YoLink Water Detection Alarm System: Without WIFI or With WIFI HUB
🔗 Clean Dryer Lint Signs
🔗 Only Flush Toilet Paper Signs
🔗Listen: The Importance of Rental Property Inspections (EP4)
🔗 Listen: Renters Insurance: Why Landlords Should Require It (EP67)
🔗 Listen: Spring Maintenance Checklist for Rental Properties (EP3)
🔗 Listen: Fall’s Checklist: Rental Property Maintenance for a Hassle-Free Winter (EP27)
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- How to Deal with Rising Landlord Insurance Costs
Landlord Insider is a newsletter produced by Your Landlord Resource with rental property tips, landlord specific articles, and podcast links.Read more - Strengthening Policies, Procedures, and Written Communication
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