Landlord Insurance Minnesota — Frankot Agency
Landlord Insurance
Protect your rental property investment.
Owning rental property in Minnesota is a smart investment — but it comes with unique risks that a standard homeowners policy doesn't cover. Frankot Agency helps landlords find the right protection for their properties and their income.
What's Covered
Coverage Designed for Rental Property Owners
Dwelling Coverage
Covers the structure of your rental property against fire, wind, hail, and other covered perils.
Liability Protection
Protects you if a tenant or visitor is injured on your property and holds you responsible.
Loss of Rental Income
Replaces lost rental income if your property becomes uninhabitable due to a covered loss, so your cash flow isn't interrupted.
Other Structures
Covers detached garages, fences, and other structures on the rental property.
Landlord Personal Property
Covers appliances, lawn equipment, and other items you own that are used to service the rental.
Vandalism & Malicious Damage
Covers intentional damage caused by tenants or others — a real risk for rental property owners.
Why Frankot Agency
Local Expertise,
Personal Service
As an independent Minnesota insurance agency, we work for you — not the insurance companies. That means we shop multiple carriers to find you the best coverage at the best price.
- Coverage for single-family homes, duplexes, and multi-unit properties
- Loss of rental income protection keeps your investment working
- We work with both new and experienced landlords
- Independent agency — we compare rates across multiple carriers
- Bundle multiple rental properties for potential discounts
- Local Minnesota agents who understand the rental market
Common Questions
Frequently Asked Questions
What's the difference between landlord insurance and homeowners insurance?
Homeowners insurance is designed for owner-occupied properties. Landlord insurance (also called a dwelling fire policy) is specifically designed for rental properties — it includes loss of rental income coverage and accounts for the different liability risks that come with tenants.
Should I require my tenants to have renters insurance?
Yes — and many Minnesota landlords do. Requiring tenants to carry renters insurance reduces your liability exposure and ensures tenants have coverage for their own belongings. We can provide your tenants with affordable renters insurance as well.
Am I covered if my tenant causes damage?
Landlord insurance typically covers accidental damage, but intentional damage by tenants may require a specific endorsement. We can review your policy options to make sure you're protected.
Can I insure multiple rental properties?
Absolutely. We can help you find coverage for a single rental home or a portfolio of properties. Insuring multiple properties with the same carrier often results in better rates and simplified management.
Ready to get covered?
Talk to a local Minnesota agent today — no pressure, no obligation.