Landlord insurance in Scottsdale, AZ
A Scottsdale rental needs landlord insurance, a policy designed for property you own but rent to others. It covers the building, your liability, and lost rent, and it typically costs more than homeowners insurance because renting adds risk.
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I had a quote within half an hour and then connected them with my mortgage lender for closing via email. Very easy to work with.
Eric Martin The process of getting a landlord policy was very smooth. A few text messages, and the price was great, new policy saved us over $600!
Arnold Chambers Best coverage option for small landlord. Very impressed by easy to navigate website and competitive coverage. Couldn't ask for better.
Robert Unterberger
Protect your rental property in Scottsdale's fast-moving market
Landlord insurance in Scottsdale, Arizona, matters for property owners seeking to protect their investments in this busy and attractive community. Steadily offers fast and affordable landlord insurance policies designed for Scottsdale's rental market. As part of the Phoenix metropolitan area, Scottsdale presents a range of rental opportunities, making it an ideal location for landlords. To get a better understanding of the local rental landscape, check out the average rent in Scottsdale.
With Scottsdale's proximity to major employers and its reputation for desirable neighborhoods, landlords need solid coverage to protect against property damage, liability, and loss of rental income. Whether you're renting near the busy downtown or the quieter suburban areas, Steadily's policies can help you manage risks associated with storms, wind, and hail. Arizona is a landlord-friendly state, providing additional advantages for property owners. Key coverage highlights include:
- Protection against property damage from local weather conditions
- Liability coverage for tenant-related incidents
- Coverage for lost rental income due to covered perils
Who needs landlord insurance in Scottsdale AZ?
Landlord insurance is a policy for people who rent their homes to others. It is NOT homeowners insurance, and should not be used to cover your primary residence.
You may need landlord insurance if you:
- Turned a former residence into a rental property with active tenants
- Have a portfolio of income-generating properties
- Manage an Airbnb or VRBO (you may need a short-term rental policy)
- Have a tenant living in an ADU or detached home on your property
Properties we look after
Not sure if your property is covered?
Contact usInside the Scottsdale rental market
Of the 117,800 occupied homes in Scottsdale, about 38,200 are rented, near 32 percent. Median gross rent sits around $1,910 and a two bedroom near $1,908. Those numbers set what you stand to lose when a claim takes a unit offline, which is the part of a landlord policy owners tend to skim.
Not all of that rental stock belongs to institutions. About 9,180 of the rentals here are single-family homes and another 3,940 sit in two-to-four-unit buildings, so close to 13,100 properties are owned by the kind of landlord who insures per address. Supply sits near 4.3 months, a reasonably balanced market by recent standards.
Local risk means wildfire in the higher-elevation counties. It also means monsoon wind and blowing dust damage. As for the rules you operate under, The rules that matter day to day are procedural. A written itemized notice of what you are keeping, with the balance of the deposit is due within 14 days of move-out, and the fourteen days are counted in business days, and getting it wrong can expose you to twice the amount wrongfully withheld. Arizona has no rent cap.
What should Scottsdale landlords expect to pay?
Industry figures generally show landlord policies costing a bit more than an equivalent homeowners policy nearby, which is what you would expect given the extra liability and rental income coverage. That is a generalization from public data, not a quote, and it should not be read as what your property would actually cost.
What matters more locally is what it would cost to reconstruct the building. Median sale prices in Scottsdale sit near $906,900, which gives a sense of scale, but you insure to rebuild cost rather than to market value. In this market the biggest single swing factor is roof condition and the age of the building. A real price turns on square footage, construction, roof condition, the age of the property, claims history, deductible, chosen limits, and whatever the local hazard picture looks like. The only number that means anything is a quote on the actual address.
Landlord insurance coverages in Scottsdale AZ
We cover a wide range of risks, or you can choose a limited set of coverages for a lower premium
Frequently asked questions
What does a landlord policy cover, and what does it leave out?
The building, your liability as the owner if someone is injured on the property, and the rent you lose while a covered claim keeps the unit unlivable. Your tenant's belongings are not on your policy; that is what renters insurance is for. Flood is excluded from standard landlord coverage and needs its own.
What makes one Scottsdale rental cost more to insure than another?
Two properties that look alike from the street can price very differently, and the reasons are mostly invisible from outside. Locally the biggest single factor is roof condition and how old the building is. After that it is the things an inspector notices rather than a buyer: how the building is constructed, square footage, what has been claimed on it before, the deductible you accept and the coverage limits you choose.
Does Arizona require landlord insurance, or is homeowners coverage enough?
Arizona does not require it by statute, though any mortgage will. The more pressing issue is that keeping the homeowners policy does not work: it is written for an owner-occupied home, and the moment the property is tenanted the carrier can refuse the claim. Landlord coverage replaces it and adds loss of rent and landlord liability.
Who should insure a Scottsdale rental?
Ask whether the carrier handles your property type properly, since a single-family form applied to a small multifamily building leaves gaps in liability and rent coverage. Steadily specializes in landlord policies and can quote a Arizona rental online. What it covers should decide it.
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