Landlord Insurance: Renewal Checklist: 7 Things to Review Annually
The seven-item landlord insurance (DP-3) renewal checklist we walk every client through — most clients knock 5-12% off premium without changing carriers.
Most landlord insurance (DP-3) renewals are signed without a real review. That is the most expensive auto-pilot moment in insurance. Here is the seven-item annual checklist we walk every client through.
1. Re-quote across multiple carriers
Even if you are happy with the current carrier, having a fresh comparison from two more carriers is the fastest way to validate price.
2. Right-size deductibles
If your liquidity has improved since last year, raising deductibles can free up meaningful landlord insurance (DP-3) premium dollars.
3. Audit endorsements
Remove the ones that no longer apply. Add the ones that became relevant this year. Loss of rents (12 months) and ordinance or law are the most common adds.
4. Recheck bundling math
A landlord policy is not a homeowners policy in disguise — the right form is DP-3, not HO-3 with a rental endorsement. Carrier credits change; what was the right bundle two years ago may not be today.
5. Validate every discount
Carriers occasionally drop discounts at renewal. Walk the discount section of the dec page line by line.
6. Update for life and operational changes
Real estate investors change. Vehicles change. Properties change. Operations change. Landlord insurance (DP-3) should change with them.
7. Confirm the carrier still wants the risk
If a carrier's appetite has shifted away from Alabama, Tennessee, and Mississippi rental property owners, that quietly drives up rates and slows down service. Catching that early matters.
Miller Insurance Agency runs all seven steps for every landlord insurance (DP-3) client at renewal — automatically, no charge, no obligation.
Want this looked at on your specific policy?
We'll re-shop your coverage at no charge — no obligation, no pressure.