Insurance Coverage Checklist

INVESTMENT PROPERTY INSURANCE COVERAGE CHECKLIST
Investor / Portfolio Owner: ___________________
Review Date: ___________________  Next Annual Review Date: ___________________
Insurance Agent / Broker: ___________________  Phone: ___________________  Email: ___________________
Total Properties in Portfolio: _______
PURPOSE: This checklist ensures that every investment property in the portfolio carries the correct type, amount, and structure of insurance coverage. Gaps in coverage can result in catastrophic financial loss. Review this checklist at least once per year and immediately upon acquiring any new property or changing ownership structure.
DISCLAIMER: This checklist is for informational purposes only and does not constitute legal or insurance advice. Coverage requirements vary by property type, location, lender, and applicable law. Always consult with a licensed insurance professional familiar with real estate investment properties.
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SECTION 1 — LANDLORD POLICY (Rental / Buy-and-Hold Properties)
Applicable to: All tenant-occupied residential investment properties.
Note: A standard homeowner's policy does NOT cover rental properties. A landlord policy (also called a Dwelling Fire policy or DP-3) is required.
  COVERAGE REQUIREMENTS AND MINIMUMS:
  [ ] Dwelling coverage: minimum replacement cost value of the structure (not market value)
       Minimum recommended: $_______________  (obtain replacement cost estimate every 3 years)
  [ ] Other structures coverage: detached garages, fences, sheds: minimum _______% of dwelling coverage
  [ ] Liability coverage: minimum $500,000 per occurrence (recommend $1,000,000 or umbrella overlay)
  [ ] Loss of rental income / fair rental value: minimum _______ months of gross rent
  [ ] Medical payments to others: minimum $5,000 per person

[Section 2 — continued...]

[Section 3 — fill in your details...]

[Additional clauses and provisions apply...]