In this piece, we will take a look at the five best landlord insurance companies. If you want to read our introduction to the industry, then head on over to 10 Best Landlord Insurance Companies.
5. The Allstate Corporation (NYSE:ALL)
Revenue for 2021: $44.59 billion
The Allstate Corporation (NYSE:ALL) is an American insurance company that provides vehicle, homeowner, casualty, and other insurance products and financial products. The firm is headquartered in Northbrook, Illinois.
The Allstate Corporation (NYSE:ALL) is the largest publicly traded personal lines insurance company in America, as it commands 10% of the market. Its earnings per share is forecasted to jump by as much as 151% next year, after dipping by 66% this year according to estimates from Bank of America. The Allstate Corporation (NYSE:ALL)’s landlord insurance packages cover the main dwelling, add ons, liabilities, and lost income. The firm also offers upgrades to protect from vandalism, burglary, and other accidents.
The Allstate Corporation (NYSE:ALL) pays a 85 cent dividend for a 2.51% yield. 38 out of the 920 hedge funds part of Insider Monkey’s Q3 2022 survey had invested in the firm.
The Allstate Corporation (NYSE:ALL)’s largest shareholder is Cliff Asness’ AQR Capital Management which owns 847,602 shares that are worth $105 million.
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4. Liberty Mutual Group
Revenue for 2021: $48.2 billion
Liberty Mutual Group is one of the largest insurance companies in the world, and the six largest in the U.S. as of 2021. The firm has operations all over the globe in countries such as China, Brazil, Argentina, Singapore, and Spain among others.
Liberty Mutual Group landlord insurance lets landlords protect themselves from lost rental income, inflation, accident liability, total loss and others. These include protection from any claims that laborers might make in case they encounter an accident on the property. The firm brought in $48.2 billion in revenue in 2021.
3. State Farm Insurance
Revenue for 2021: $82.2 billion
State Farm Insurance is among the largest property and casualty insurance providers in the U.S., and also one of the largest countries in the world as it was ranked 42nd in Fortune Magazine’s Fortune 500 list in 2022. The firm is headquartered in Bloomington, Illinois.
State Farm Insurance’s landlord insurance covers rental homes, condos, and apartments. These cover dwelling and personal property damage, alongside offering protection from liability lawsuits and loss of rent from damage occurring from an insured loss. State Farm Insurance raked in $82.2 billion in revenue during 2021.
2. Allianz SE (ETR:ALV.DE)
Revenue for 2021: $154 billion (1EUR = 1.04USD)
Allianz SE (ETR:ALV.DE) is a German insurance company that was set up in 1890 and is headquartered in Munich. The firm offers property, casualty, life, health, and other insurance products.
Allianz SE (ETR:ALV.DE)’s landlord insurance covers lock replacement, accidental breakage, earthquakes, lightning, theft and burglary, malicious damage, and more. It also covers weekly rental loss in case an accident makes the building uninhabitable, and provides a whopping $10 million in liability coverage. Allianz SE (ETR:ALV.DE) brought in a massive $154 billion in revenue last year.
1. Berkshire Hathaway Inc. (NYSE:BRK-B)
Revenue for 2021: $276 billion
Berkshire Hathaway Inc. (NYSE:BRK-B) is a holding company with stakes in a diverse list of businesses under its belt. These include insurance, banking, consumer technology, semiconductors, automotive manufacturing, retailing, renewable energy, and more. The firm is headquartered in Omaha, Nebraska, the United States.
Berkshire Hathaway Inc. (NYSE:BRK-B)’s landlord insurance programs cover both vacated and rented dwellings. It offers the same policy for vacant or partially occupied buildings, covers high value homes, and offers up to $1 million in coverage for liability. It also provides coverage of theft and vandalism.
By the end of this year’s third quarter, 104 out of the 920 hedge funds polled by Insider Monkey had bought Berkshire Hathaway Inc. (NYSE:BRK-B)’s shares.
Out of these, Michael Larson’s Bill & Melinda Gates Foundation Trust is Berkshire Hathaway Inc. (NYSE:BRK-B)’s largest shareholder through a $7.9 billion stake that comes via 29 million shares.
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Disclosure: None. You can also take a look at 12 Best Consumer Staple Stocks and 12 Fastest Growing Economies in Africa.
