# Landlord Insurance in Indiana & KY | Yellow Ribbon Insurance > Landlord insurance for rental properties in Indiana and Kentucky: dwelling, liability and rental income coverage from veteran-owned Yellow Ribbon Insurance. Source: https://yellowribboninsurance.com/landlord/ [Yellow Ribbon Insurance](https://yellowribboninsurance.com/) [Get my free quote](https://yellowribboninsurance.com/quote/) Coverage [Auto](https://yellowribboninsurance.com/auto/) [Home](https://yellowribboninsurance.com/home/) [Condo](https://yellowribboninsurance.com/condo/) [Renters](https://yellowribboninsurance.com/renters/) [Landlord](https://yellowribboninsurance.com/landlord/) [Life](https://yellowribboninsurance.com/life/) [Specialty](https://yellowribboninsurance.com/quote/) Agency [About](https://yellowribboninsurance.com/about/) [Insurance Advice](https://yellowribboninsurance.com/insuranceadvice/) [FAQ](https://yellowribboninsurance.com/#faq) [Contact](https://yellowribboninsurance.com/contact/) [Call (812) 577-8749](tel:8125778749) [Get a free quote](https://yellowribboninsurance.com/quote/) [Home](https://yellowribboninsurance.com/) β€Ί Landlord Insurance 🏘️ Landlord Insurance Β· Rental Properties Β· IN & KY # LANDLORD INSURANCE FOR INDIANA & KENTUCKY A standard homeowners policy won't cut it for a rental property. Get purpose-built landlord coverage that protects your structure, your rental income, and your liability. [Get My Free Quote β†’](https://yellowribboninsurance.com/quote/) [πŸ“ž Call (812) 577-8749](tel:8125778749) 7+ Years Serving Landlords 1–10+ Properties Covered 60sec To Get a Quote 4.8β˜… Client Rating Landlord Insurance Guide ## WHAT INDIANA & KENTUCKY LANDLORDS NEED TO KNOW Owning rental property in Indiana or Kentucky is a meaningful financial investment β€” and one that carries risks a standard homeowners policy simply wasn't built to cover. **If you rent out a property, you need landlord insurance** (also called a dwelling fire policy or DP-3). Using a homeowners policy on a non-owner-occupied rental is a coverage gap that could leave you unprotected at the worst possible moment. The difference matters enormously. A standard HO-3 homeowners policy is designed for the owner who lives in the home. The moment you rent to a tenant β€” even short-term through a platform like Airbnb β€” your homeowners insurer may deny claims related to that rental activity. Landlord insurance is built specifically for this scenario, providing the right protection for non-owner-occupied residential properties. ### Rental Income Protection β€” Often Overlooked, Always Critical One of the most valuable features of a landlord policy is **fair rental value coverage**. If your rental is damaged by fire, storm, or another covered event and becomes temporarily uninhabitable, this pays you the lost rent while repairs are made. For landlords with a mortgage on the property, losing rental income during a claim can be financially devastating β€” this coverage bridges that gap. Indiana and Kentucky landlords also face real **liability exposure**. From tenant injuries on the property to habitability disputes, the legal risks of rental ownership are substantial. Bill Cline will help you build a comprehensive landlord policy β€” and for those with multiple properties or significant personal assets, an umbrella policy provides an additional layer of high-limit liability protection. [Get My Free Quote β†’](https://yellowribboninsurance.com/quote/) What's Included ## WHAT DOES THIS POLICY COVER? πŸ—οΈ Dwelling Coverage Covers the rental structure after fire, storm, vandalism, or other covered perils β€” at replacement cost or actual cash value depending on your policy selection. πŸ’° Rental Income / Fair Rental Value If your rental is uninhabitable after a covered loss, this pays the lost rent while repairs are completed β€” protecting your investment cash flow. βš–οΈ Landlord Liability Protects you if a tenant or visitor is injured on your property and pursues legal action. Covers defense costs and any settlement up to your policy limit. πŸ”§ Other Structures Covers detached garages, sheds, fences, and outbuildings that are part of your rental property but separate from the main dwelling unit. 🏚️ Vandalism & Malicious Damage Covers intentional damage to your property β€” a risk that standard homeowners policies may not fully address in a rental context. πŸŒ‚ Umbrella Policy Add-On For landlords with multiple properties or significant personal assets, an umbrella policy adds $1M–$5M in liability coverage above your landlord policy limits. [Get Covered Today β†’](https://yellowribboninsurance.com/quote/) Why Choose Us ## WHY YELLOW RIBBON INSURANCE? πŸŽ– Veteran-Owned & Operated Bill Cline is a veteran who founded Yellow Ribbon Insurance in 2018 with a mission to serve Indiana and Kentucky families with honesty, integrity, and genuine care. 🀝 A Local Agent Who Knows You We're not a call center. We're your neighbor β€” a local agent who takes the time to understand your situation, your family, and what matters most to you. ⭐ 4.8-Star Rated Service With over 47 five-star reviews, our clients consistently praise Bill's responsiveness, expertise, and genuine care for their families and businesses. πŸ›‘οΈ Claims Forgiveness Available We have access to policies with claims forgiveness on qualifying coverage β€” meaning your first claim won't automatically raise your rates. πŸ“ž Real Person, Real Answers Call or text Bill directly. No hold music, no automated menus β€” just fast, expert answers from someone who genuinely cares about your outcome. πŸ† Indiana & Kentucky Expertise From Bloomington to Louisville, we know the local risks β€” severe weather, regional driving conditions, flood zones β€” and build your coverage accordingly. Pricing Guide ## WHAT DOES THIS COVERAGE COST? Rates vary based on your location, history, coverage level, and other factors. The table below gives you a general idea of what Indiana and Kentucky residents typically pay. The best way to know your exact rate is to get a free, no-obligation quote. | Coverage Level | Typical Monthly Cost (IN/KY) | Notes | | --- | --- | --- | | **Basic DP-1 (Named Perils)** | $70–$100/mo | Covers fire and limited named perils β€” minimum protection, not recommended | | **Standard DP-3 (Open Perils)** | $100–$160/mo | Most common β€” covers all perils except those specifically excluded | | **DP-3 + Rental Income Coverage** | $130–$190/mo | Adds lost rental income protection β€” essential for most landlords | | **Multi-Property Portfolio** | Custom pricing | Contact Bill for a portfolio review β€” often more efficient per property at scale | **Want your exact rate?** Every policy is unique. Call Bill Cline at [(812) 577-8749](tel:8125778749) or [request a free quote online](https://yellowribboninsurance.com/quote/) β€” no pressure, no commitment. Common Questions ## FREQUENTLY ASKED QUESTIONS Landlord insurance (also called a dwelling fire policy or DP-3) is designed specifically for rental properties. A standard homeowners policy is intended for owner-occupied homes β€” the moment you rent your property to a tenant, you need landlord insurance to be properly covered. It protects the structure, provides liability coverage for rental-related incidents, and can include rental income protection. No. Landlord insurance covers the building you own and your liability as a property owner β€” not your tenants' personal property. Encouraging or requiring your tenants to carry renters insurance is smart practice. Bill Cline can help both you and your tenants get properly covered. Yes β€” most landlord policies include fair rental value or rental income coverage. This compensates you for lost rent if your property becomes uninhabitable due to a covered loss such as fire or storm damage. For landlords whose mortgage depends on rental income, this coverage is essential. Each rental property typically requires its own policy. However, if you own multiple properties, portfolio or commercial landlord policies can cover several properties more efficiently. Bill Cline can help you find the most cost-effective structure for your rental portfolio. Common landlord liability exposures include tenant or visitor injuries on the property, habitability claims, and property damage from deferred maintenance. A landlord policy with solid liability limits β€” and potentially an umbrella policy for higher-value portfolios β€” is important protection for any rental property owner. Landlord insurance typically runs 15–25% more than a comparable homeowners policy due to the increased risk profile of rental properties. Most Indiana and Kentucky landlords pay $100–$200 per month per property, depending on property value, age, location, and coverage levels. Get a precise quote from Bill Cline. Still have questions? We're happy to help. [Talk to Bill Cline β†’](https://yellowribboninsurance.com/quote/) Insurance Advice ## Related guides [Home Β· 16 min read ### How Do Roof Age and Roof Settlement Terms Affect Your Policy? How an older roof can change your price and how a roof claim gets paid. Read the guide β†’](https://yellowribboninsurance.com/blog/home-insurance/how-do-roof-age-and-roof-settlement-terms-affect-indiana-home-insurance/)[Home Β· 16 min read ### What Does Water-Backup Coverage Protect? Why many policies limit sewer backup and what the endorsement adds. Read the guide β†’](https://yellowribboninsurance.com/blog/home-insurance/what-does-water-backup-coverage-protect-in-an-indiana-home/)[Home Β· 16 min read ### What Should You Do After a Home Insurance Nonrenewal? What to ask, what to check and how to replace coverage with no gap. Read the guide β†’](https://yellowribboninsurance.com/blog/home-insurance/what-should-you-do-after-an-indiana-home-insurance-nonrenewal/) [See all insurance advice β†’](https://yellowribboninsurance.com/insuranceadvice/) Ready to get protected? ## GET YOUR FREE QUOTE TODAY No obligation, no pressure. Just expert guidance from a veteran who genuinely cares. [Get a Free Quote β†’](https://yellowribboninsurance.com/quote/) [πŸ“ž Call (812) 577-8749](tel:8125778749) [Get my free quote](https://yellowribboninsurance.com/quote/) --- **Yellow Ribbon Insurance** Β· 3211 Grant Line Rd Ste 7, New Albany, IN 47150 Β· (812) 577-8749 Β· Mon–Thu 9:00 AM–6:00 PM, Fri 9:00 AM–5:00 PM ET Request a quote: https://yellowribboninsurance.com/quote-request (plain HTML form) or https://yellowribboninsurance.com/quote/ (guided).