Yes. One door or fifty, every tenant-occupied property needs its own landlord policy. Your mortgage lender requires it, and even paid-off properties shouldn't be left uninsured. A single liability claim or major loss can wipe out years of equity.

Yes, premiums are deductible on Schedule E as a rental property expense. South Dakota has no state income tax, so this is a federal deduction only. Your CPA can confirm specifics for your situation.

Standard policies limit or exclude coverage after 30 to 60 days vacant. Tell us if you're between tenants or doing a major reno, we can add a vacancy endorsement or place a vacant property policy. Especially important during SD winters when frozen pipes are a real risk.

Intentional tenant damage and vandalism are typically covered (subject to deductible). Wear and tear, neglect, and misuse are not, that's what the security deposit is for, and small claims court handles the rest.

STRs need specialized coverage. High guest turnover, furnished units, and heightened liability put them outside standard landlord policies. Airbnb's Host Protection has gaps, it's not a replacement for your own policy. We place STR coverage with carriers built specifically for vacation rentals.

Almost always replacement cost. ACV deducts depreciation, meaning a 20-year-old roof destroyed by hail might pay 40% of what RCV would. The premium difference is modest; the payout difference after a major loss is enormous.

Usually within 24 hours, often the same day. If you've got a closing on the calendar, call us at (605) 275-9700 or request a quote and we'll work to your timeline.

For most multi-property investors, yes. $1M of additional liability typically runs $200 to $400/year, cheap protection for a portfolio worth hundreds of thousands or more. One serious lawsuit can blow past landlord policy limits fast.