Real Estate Rookie Why Landlord Insurance Premiums Are Skyrocketing in 2026 (And How to Stop It)
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Jan 7, 2026 Darren Nix, CEO of Steadily and a real estate investor, dives into the surging landlord insurance premiums. He explains that hail-driven claims and roofing behavior significantly inflate costs. By minimizing claims and adjusting deductibles, landlords can lower long-term expenses. Darren also highlights risky markets like California and Florida, and emphasizes the importance of choosing the right policy types to ensure adequate coverage. Learn strategies for estimating insurance costs and the benefits of tenant-damage coverage for short-term rentals.
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Hail And Claims Drive Premium Spikes
- Hailstorms and claimant behavior drove most premium increases, not just climate alone.
- Increased roof claims plus people soliciting replacements pushed insurers to raise rates rapidly.
Buy Less Insurance For Better Long-Term Rates
- Reduce claims by self-insuring small losses and running higher deductibles over time.
- Build a bankroll to cover small repairs so you only buy insurance for major losses.
Why Insurers Exit Markets
- A market becomes "uninsurable" when carriers can't charge sustainable rates or regulators block rate increases.
- Insurers then exit markets rather than operate at persistent losses.