In Nashville’s booming tourism industry and short-term rental market, many property owners use real estate as a source of supplemental income – or even their primary investment strategy. If you own a long-term rental home, an Airbnb, or a portfolio of multitenant properties, a standard homeowners insurance policy may not be enough to cover your risks.
The Ingram Agency personalizes coverage for landlords and investors. Here’s what you need to know to protect your real estate assets.
Why Rental Properties Need Specialized Insurance
If you rent to others, even occasionally, you face unique risks that require tailored protection.
- Tenant-related liability
- Loss of rental income
- Higher chances of experiencing property damage
- Vacancies or property turnover
- Short-term rental exposures
Coverages for Landlords and Investors
1. Landlord Insurance (Dwelling Policy)
Your foundation covers:
- Property damage caused by fire, storm, or vandalism
- Liability if a tenant or guest is injured on the premises
- Loss of rental income if the property becomes uninhabitable due to a covered event
Unlike homeowners insurance, landlord policies don’t cover your tenants’ belongings – but they do protect your investment and income stream.
2. Loss-of-Rent Coverage
You’ll lose income if a fire or water leak forces you to pause rental operations while you make repairs. Loss-of-rent coverage reimburses you during that downtime, which is especially critical in a high-demand market like Nashville.
3. Umbrella Liability Insurance
More properties increase your exposure. An umbrella policy provides an extra layer of protection above your standard liability limits, covering legal fees, settlements, or judgments in a lawsuit. This additional coverage is essential for landlords with multiple units or high-net-worth investors with more to lose.
4. Short-Term Rental Coverage
Airbnb hosts face different risks than traditional landlords. Some policies exclude short-term rentals entirely or limit coverage if you’re not on-site. If you list a property for short stays, make sure your insurer knows – and that you have the correct policy for transient guest exposure.
5. Equipment Breakdown or Ordinance or Law Coverage
Consider equipment breakdown protection for your HVAC, water heater, or other household appliances. Ordinance or law coverage helps if you must upgrade your property to meet current building codes after a covered loss.
6. Vacancy and Renovations
Vacant properties are at higher risk of break-ins, fire, and undetected damage. Let your agent know if your rental sits empty for a stretch or is under renovation. You may need special endorsements or policy changes.
7. Tenant Screening and Lease Structure
While not an insurance product, proper tenant vetting and transparent lease agreements can prevent claims and litigation. We work with clients to ensure their insurance complements their property management strategy.
Partner With a Local Agency That Knows the Market
Nashville’s real estate landscape is unique. The surge in short-term rentals, seasonal fluctuations in demand, and rapid urban growth all affect how you should insure your investments. The Ingram Agency understands the local market, and we don’t believe in one-size-fits-all coverage.
Our founder works directly with our clients to review portfolios, assess liability, and secure competitive rates with top-tier carriers. Whether you own one rental or a dozen, we’ll protect your assets and income with tailored policies. Contact us today to learn more.