Rental Property Insurance in Massachusetts

When you're looking for Rental Property Insurance in Massachusetts or New Hampshire, it's important to have options so you can ensure you get the right plan to meet your needs at the best possible rate.

Find the coverage you need

Owning a rental or investment property can be a smart financial decision, but it also comes with unique responsibilities and risks. At Fitts Insurance, we help property owners across Massachusetts protect their investments with tailored insurance solutions. Whether you own a single-family rental, a multi-unit building, or a portfolio of investment properties, the right coverage can provide peace of mind and financial security.

Below, we’ll answer common questions Massachusetts landlords and property investors ask when choosing rental property insurance.

Rental Property Insurance Massachusetts

What Is Rental Property Insurance and How Does It Work?

Rental property insurance—sometimes called landlord insurance—is designed to protect property owners who rent their homes, condos, or apartment buildings to tenants. Unlike a standard homeowners policy, which assumes you live in the home, rental property insurance takes into account that tenants live in the space and you, as the owner, face different risks.

Coverage may include protection for the physical structure itself, liability coverage if someone is injured on the property, and loss of rental income if the property becomes uninhabitable due to a covered claim. At Fitts Insurance, we work closely with Massachusetts landlords to customize policies that fit the size, type, and purpose of each property.

Why Do Massachusetts Landlords Need Rental Property Insurance?

Massachusetts is a great place to own investment properties, from bustling Boston neighborhoods to smaller towns and coastal communities. But with opportunity also comes exposure to risks—harsh New England winters, coastal storms, tenant-related damages, or unexpected lawsuits.

Rental property insurance provides a layer of financial protection. Without it, landlords may face out-of-pocket costs for repairs, legal fees, or lost rental income. For example, if a tenant accidentally leaves the stove on and causes a fire, a proper policy may cover rebuilding costs as well as lost income while repairs are made.

At Fitts Insurance, we’ve helped property owners throughout Massachusetts understand how to balance coverage needs with budget. A strong policy is not just a safeguard; it’s an investment in your long-term success as a landlord.

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  • What Does Rental Property Insurance Typically Cover?

    Every property is different, but a well-designed policy may include:

    • Dwelling Coverage – Protects the physical structure against fire, storm damage, vandalism, and more.
    • Other Structures – Covers garages, sheds, or fences on the property.
    • Liability Protection – Helps with medical or legal expenses if a tenant or guest is injured.
    • Loss of Rental Income – Reimburses you for missed rent if a covered claim makes the property uninhabitable.
    • Optional Enhancements – Flood, earthquake, or equipment breakdown coverage, depending on your property’s risks.

     

    Massachusetts landlords often have unique needs, such as coverage for older homes, multi-unit buildings, or vacation rentals. At Fitts Insurance, we take the time to match coverage to each property, ensuring no critical gaps are left behind.

  • How Is Investment Property Insurance Different From Homeowners Insurance?

    One of the biggest misconceptions we see is landlords thinking a standard homeowners insurance policy will cover their rental. Unfortunately, most homeowners insurance policies exclude or severely limit coverage when the property is rented out.

    Investment property insurance is designed with landlords in mind. It recognizes that tenants may not maintain the property the same way an owner would, and it addresses added risks like tenant injuries or legal disputes. While homeowners insurance protects where you live, investment property insurance protects the properties that generate income for you.

    For Massachusetts property owners, this difference is crucial. Without the right policy, you could find yourself denied coverage after a claim—leaving you to handle thousands of dollars in expenses on your own.

  • What Factors Affect the Cost of Rental Property Insurance in Massachusetts?

    Premiums for rental or investment property insurance can vary widely depending on:

    • Location of the Property – Urban Boston apartments face different risks than a Cape Cod vacation home.
    • Age and Condition – Older properties may cost more to insure unless they’ve been updated.
    • Type of Tenants – Student rentals, vacation properties, or multi-family units each carry unique risk levels.
    • Coverage Limits and Deductibles – Higher coverage offers more protection but may increase premiums.
    • Added Endorsements – Flood insurance or umbrella liability coverage may be worthwhile depending on your circumstances.

     

    At Fitts Insurance, we shop multiple carriers on your behalf, helping you find the right balance of protection and affordability. Our team knows the Massachusetts insurance landscape and can identify discounts or bundling opportunities that save you money.

  • How Can Landlords Reduce Risks Beyond Insurance?

    Insurance is essential, but risk management starts with prevention. Massachusetts landlords can take steps to reduce claims and keep properties safe:

    • Schedule routine maintenance, especially heating systems before winter.
    • Install smoke detectors, carbon monoxide alarms, and fire extinguishers.
    • Keep walkways and stairs free of ice and snow during winter.
    • Screen tenants carefully and use written lease agreements.
    • Consider professional property management for multi-unit or vacation rentals.

     

    By combining these best practices with a solid insurance plan, landlords not only reduce risks but also create a better experience for tenants. At Fitts Insurance, we provide guidance beyond just policies—we help you protect your investment from every angle.

  • Why Choose Fitts Insurance for Massachusetts Rental and Investment Property Coverage?

    With decades of experience serving Massachusetts property owners, Fitts Insurance offers a personalized approach you won’t find with one-size-fits-all insurance providers. We’re local, independent, and dedicated to helping you protect your financial future.

    Our clients appreciate that we:

    • Take time to understand each property and its risks.
    • Offer access to multiple top-rated insurance carriers.
    • Provide ongoing support when claims arise.
    • Stay up-to-date on Massachusetts laws and landlord requirements.

     

    Whether you own a single rental unit or a growing portfolio of investment properties, we’ll design coverage that grows with you. At Fitts Insurance, protecting your property is our priority.

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Ready to Protect Your Massachusetts Investment Property?

Your rental or investment property represents hard work, vision, and opportunity. Don’t leave it exposed to unnecessary risks. With the right insurance in place, you can enjoy peace of mind knowing your financial future is secure.

Contact Fitts Insurance today to discuss your Massachusetts rental property insurance options. Our friendly, professional team is here to answer your questions and provide a customized policy that fits your needs.

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