Coverage & Deductibles
A plain-language walkthrough of common coverages, plus how to think about your deductible — the amount you pay out of pocket before coverage kicks in.
Common coverages
Every policy is different, and exact coverage depends on your property and the carrier — this is a general starting point, not a quote.
Helps pay to repair or rebuild the structure itself after a covered loss like fire, wind, or certain water damage.
Helps replace rent you'd otherwise lose if a covered loss makes a unit temporarily unlivable during repairs.
Helps cover legal and medical costs if a tenant or visitor is injured on the property and you're found responsible.
Covers detached structures on the property, like a garage, fence, or shed, separately from the main building.
Helps cover the extra cost of rebuilding to current building code after a major loss, if your local code has changed since the building went up.
Add-ons like vandalism, equipment breakdown, or umbrella liability can often be layered onto a base policy depending on your needs.
Choosing a deductible
Your deductible is what you pay out of pocket before your coverage pays the rest. It's a genuine trade-off, and the right answer depends on your finances and how many properties you own — this isn't financial advice, just the factors worth weighing before you decide.
Call, text, or fill out a quote form and we'll walk through the details with you.
Chicago Landlord Insurance is a project of Northwest Chicago Insurance Group, our full-service sister agency at 6733 W Belmont Ave in Dunning, Chicago.