North Dakota Rental Property Insurance in 2026

Landlord Insurance in North Dakota (ND)

Landlord Insurance Pricing in North Dakota

How Much Does Landlord Insurance Cost in North Dakota?

Compare Rental Property Insurance in North Dakota

All Landlord Insurance Providers in North Dakota (ND)

Finding the right insurance provider is one of the most important steps to protecting your investment. Compare options as coverage, rates and qualification requirements can vary significantly.

	Obie	Steadily	Honeycomb	NREIG
Most Suitable For	New and growing investors who want fast, fully online coverage	Tech-forward landlords, strong on short-term / Airbnb rentals	Multifamily, apartment buildings, and condo / HOA associations	Active investors, BRRRR and flips, and portfolios needing flexible coverage
Property Types	SFR, multifamily, apartments, condos, STR	SFR, multifamily, condos, STR / vacation, ADUs	SFR, multifamily, condos, STR / vacation, ADUs	SFR up to 20-unit, condos, mobile homes, vacation rentals, mixed-use
Coverage Types	Fire and smoke, Lightning, Windstorm and hail, Explosion, Vandalism, Theft, Water, Legal liability, Loss of rent	Fire, Legal liability, Loss of rent, Riot and civil commotion, Storm and hail, Vandalism and burglary, Water	Fire, Lightning, Windstorm and hail, Vandalism, Civil commotion, Theft, Water, Legal liability, Loss of rent	Fire, Lightning, Windstorm and hail, Vandalism, Theft, Water, Legal liability, Loss of rent
Optional Add-Ons	Water backup, equipment breakdown, vandalism, special hazard	Select endorsements; flood and earthquake typically excluded	Core-focused; limited specialized endorsements	Broad suite: flood, earthquake, equipment breakdown, terrorism, tenant protection
Claims Handling	Handled by the underwriting carrier; Obie assists	In-house on Steadily-issued policies; otherwise via partner carrier	Handled directly by Honeycomb as the insurer	NREIG acts as liaison; carrier / third-party administrator decides claims
Overview & Review	Obie Review	Steadily Review	Honeycomb Review	NREIG Review

Who is the Best Landlord Insurance Provider in North Dakota (ND)?

Popular Cities in North Dakota for Landlord Insurance

How Does Location Within North Dakota Affect Rental Property Insurance Premiums?

Landlord insurance premiums in North Dakota are among the highest in the country relative to home values, driven by intense hail, wind, and severe winter exposure. Fargo and the Red River Valley add well-documented spring flood risk that standard policies exclude, while Bismarck, Minot, and western markets price for hail and blizzard claims. Percentage wind/hail deductibles and roof-age restrictions are common statewide.

Finding the Best Rental Property Insurance in North Dakota

How to Find the Best Rental Property Insurance in North Dakota?

We’ve created a step-by-step guide designed for rental property investing that helps landlords secure coverage to protect both their property and rental income.

1. Determine Your Coverage Needs

Evaluate your property’s replacement cost, liability risks, rental income loss potential, and North Dakota-specific hazards.

2. Calculate True Cost of Coverage

To research rental property insurance costs in North Dakota, start with rental property calculators and then look for landlord-specific discounts like multi-property policies, claims-free history, and security systems.

3. Identify Providers Specializing in Rental Properties

Find insurers experienced with North Dakota investment properties who offer flexible vacancy terms, strong loss of rent coverage, and have positive landlord reviews.

4. Compare Quotes with Identical Coverage

Get quotes from at least 3-5 providers with matching coverage limits and speak with agents who can find rental property discounts unavailable online.

5. Review Policy Details and Finalize Coverage

Examine vacancy clauses, rental-use exclusions, tenant damage procedures, and confirm your liability limits protect your assets before signing.

Rental Property Insurance Risks in North Dakota

What are the Insurance Risks for Rental Properties in North Dakota?

North Dakota rental properties endure some of the harshest property-insurance weather in the country, with frequent large hail, high-wind and tornado events, and blizzards with extreme cold that drive both claim frequency and the state’s elevated premium levels.

Hail

North Dakota experiences some of the nation’s highest hail claim frequency, with summer storms routinely stripping roofs and siding across Fargo, Bismarck, and Minot rental properties. Percentage wind/hail deductibles and roof-age restrictions are standard in this market, so landlords should document roof condition and consider impact-resistant materials at every replacement.

High Wind & Tornadoes

North Dakota’s open terrain produces frequent damaging wind, and the state records regular tornado activity through summer. Wind is a covered peril, but with percentage deductibles standard in this market, landlords should calculate deductible dollars per property and keep outbuildings and detached structures listed properly on the policy.

Blizzards & Extreme Cold

North Dakota’s blizzards and deep cold produce roof-load, freeze, and outage-related losses through long winters. Freeze coverage requires maintained heat, and the stakes rise when temperatures hold below zero for days, so landlords should winterize vacant units immediately, insulate plumbing, and verify vacancy clauses that can suspend coverage entirely.

Flood Damage: Not Covered by Standard Policies

North Dakota carries chronic river flood exposure, led by the Red River’s repeated inundations of the Fargo area, where spring snowmelt drives flood risk nearly every year. Standard landlord insurance policies exclude flood damage in every state. Landlords in flood-prone areas should consider a separate flood policy through the National Flood Insurance Program (NFIP) or a private flood insurer.

DP-1 vs DP-3: Which Landlord Policy Form Is Best?

Landlord insurance policies in North Dakota are typically written on one of two dwelling fire forms: DP-1 or DP-3. A DP-1 policy is the most basic and least expensive option, covering only a short list of named perils (such as fire and lightning) and paying claims at actual cash value, meaning depreciation is subtracted from every payout. A DP-3 policy is the standard choice for most rental property investors: it covers all perils except those specifically excluded, pays at replacement cost, and typically includes loss of rental income coverage.

For most landlords, the premium difference between DP-1 and DP-3 is small relative to the gap in protection, making DP-3 the better value for any property in decent condition. DP-1 is generally reserved for vacant properties, older homes that don’t qualify for DP-3, or owners insuring only against catastrophic loss.

	DP-1	DP-3
Perils covered	Named perils only (9–10 basic)	Open perils (all except exclusions)
Claim payout	Actual cash value (depreciated)	Replacement cost
Loss of rent coverage	Rarely included	Typically included
Best for	Vacant or lower-value properties	Most tenant-occupied rentals
Relative cost	Lowest	Moderate

North Dakota Real Estate Investor Resources

North Dakota Landlord Insurance FAQ

Is Landlord Insurance Required by Law in North Dakota?

No. North Dakota law does not require landlords to carry insurance on rental properties. However, if the property has a mortgage, the lender will almost always require a landlord (dwelling fire) policy as a condition of the loan, and operating without coverage leaves the owner personally exposed to property losses and liability claims.

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How Much is Landlord Insurance in North Dakota?

The average cost of landlord insurance in North Dakota is $2,232 per year, which is roughly 77% above the national average. Actual premiums vary based on property location, age, construction type, coverage limits, deductibles, and claims history

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Can a Landlord Require Renters Insurance in North Dakota?

Yes. North Dakota landlords may require renters insurance as a condition of the lease. In a state with heavy hail, wind, and blizzard exposure, the tenant’s policy covers belongings and living expenses after a loss, keeping tenant displacement costs from complicating the landlord’s own storm claim.

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Does landlord insurance cover hail damage in North Dakota?

Yes, with the terms that define this market. Hail is covered under standard North Dakota landlord policies, but percentage wind/hail deductibles and roof-age restrictions are standard in one of the nation’s highest hail-frequency states. Landlords should calculate deductible dollars per property, document roof condition, and verify whether older roofs settle at replacement cost or actual cash value before the next summer storm.

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Is Landlord Insurance Tax Deductible?

Yes. Landlord insurance premiums are a fully deductible operating expense for rental property owners, reported on Schedule E for individually owned properties. See our guide to North Dakota rental property taxes for a full breakdown of deductible expenses.

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