Fast & affordable landlord insurance in New Mexico
Easy online insurance for rental property owners and investors. Steadily is rated 4.5 out of 5 stars by landlords nationwide.
We've gotten more than $20 million in property insured in New Mexico
About being a landlord in New Mexico
Generally, housing costs are 5% lower than the national average in New Mexico. This makes the Land of Enchantment a great place for both new investors looking to get started and experienced investors wanting to diversify their portfolios. New Mexico is a landlord-friendly state as there are no rent-control laws in place.
- The security deposit must be returned with 30 days of lease termination
- 24-hour notice before entering the unit
- Must notify tenants 30-days before rent increases
How much does landlord insurance cost in New Mexico?
Who is landlord insurance for?
Landlord insurance (also known as rental insurance) is a policy for people who rent their homes to others. Landlord insurance is not required for a landlord, but insurance can bring many benefits:
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Properties we look after
We make it easy to get landlord insurance for many types of properties
We also help AirBNBs, VRBOS, and other rental properties
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Single-family
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Apartment
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Multi-family
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Manufactured
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Condo units
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Vacant or restoration
Building data
Properties across the state vary in size and characteristics. Here is data on the properties we've insured.
Coverages
We cover a wide range of risks, or you can choose a limited set of coverages for a lower premium
Riot & civil commotion
Protect your rental property from damage caused by riots or civil commotion. Steadily’s landlord insurance includes coverage for these rare but costly events.
Vandalism & burglary
Landlord insurance with vandalism and theft coverage protects your investment when criminal activity damages your property.
Loss of rent
Loss of rent coverage replaces your rental income during restoration, protecting your cash flow when tenants can't occupy the property.
Storm and hail
Storm and hail damage is one of the most common and costly issues landlords face. Proper insurance protection ensures your investment remains secure when severe weather events occur.
Water
Water damage is one of the most common and costly issues landlords face. Proper insurance protection ensures your investment remains secure when unexpected water events occur.
Legal liability
Proper legal liability insurance protection ensures your investment remains secure when unexpected claims and lawsuits occur.
Fire
Fire damage is one of the most costly and devastating events a property owner can face. Proper landlord insurance ensures you're protected when the unexpected happens.
Recent insurance quotes in New Mexico
$373.00
$590.00
$447.00
$783.00
Get coverage in minutes
No hidden cancellation fees. Competitive rates nationwide.