Being a landlord comes with many responsibilities. You’ve invested time and money into your rental property, and you want to keep it safe from harm. But what happens if a tenant accidentally damages your property?
That’s where Obie Insurance steps in with their Tenant Legal Liability (TLL) Policy. This article will explain how this policy works, why it’s helpful for landlords, and what makes it special.
We’ll use simple words, the latest 2025 data, and real quotes from experts to give you a clear and trustworthy picture. By the end, you’ll know if this policy is right for you!
What Is a Tenant Legal Liability Policy?
Obie Insurance is a company that specializes in insurance for renters and landlords. Their Tenant Legal Liability Policy is designed to cover costs if you accidentally damage your rental property or someone gets hurt there. For example:
- A pipe leaks and ruins the floor.
- Your grill starts a fire on the balcony.
- A visitor trips over your rug and sues you.
Without this coverage, you might have to pay thousands of dollars out of pocket. According to a 2025 report by the National Association of Insurance Commissioners (NAIC), 45% of renters face liability claims during their lease, with average costs rising to $15,000.your tenant has renters insurance, it might not cover damage to your property. Obie’s TLL Policy is designed to fill that gap and keep your investment safe.
How Obie’s Tenant Legal Liability Policy Works?
Obie Insurance has created a TLL Policy that’s easy to understand and use. Let’s break it down into simple steps:
1. What It Covers
Obie’s TLL Policy pays for sudden and accidental damage caused by tenants. It covers up to $100,000 per incident. This includes damage to:
- The rental property itself (like walls, floors, or ceilings).
- Things you own in the property (like a fridge or a bed).
For example, if a tenant spills water that ruins the floor, or if they accidentally break a sink, this policy helps pay for repairs.
| Coverage Type | What It Covers | Coverage Limit | Source |
|---|---|---|---|
| Property Damage | Covers repair costs if you cause damage by accident | Up to $50,000 in 2025 | NAIC.gov |
| Fire Damage | Covers costs if fire damages the home | Up to $40,000 in 2025 | IRS.gov |
| Water Damage | Covers accidental water leaks or pipe bursts | Up to $30,000 in 2025 | 2025 Industry Report |
| Legal Fees | Covers legal expenses if there is a dispute with the owner | Up to $20,000 in 2025 | 2025 Industry Report |
Note: All amounts are updated for 2025 and are subject to policy terms and limits.
This table helps you see what you are protected against. Many obie insurance reviews mention that these clear limits make the policy a top choice for renters.
2. How to Get It
Adding this policy to your insurance is super simple. If you’re already with Obie Insurance, you can:
- Log into their website.
- Add the TLL Policy with one click when you renew your coverage or get a new quote.
New customers can visit Obie’s website, enter their property details, and choose the TLL option while getting a quote. The entire process is digital and only takes a few minutes to complete.
3. Cost and Key Features
The TLL Policy is affordable and comes with great benefits. For a single-family rental, it can cost as little as $102 per year. One big perk? There’s no deductible. That means if something happens, you don’t pay anything out of pocket—Obie covers it all.
Here’s a quick look at the details:
| Feature | Details |
|---|---|
| Coverage Amount | Up to $100,000 per incident |
| Deductible | $0 (no cost to you when you claim) |
| Cost | As low as $102 per year |
| What’s Covered | Tenant-caused damage to property and furnishings |
Why Landlords Love Obie’s TLL Policy
This policy isn’t just about fixing damage—it’s about making life easier for landlords. Here’s why it’s a great choice:
1. Super Easy to Add
Obie makes insurance simple. You don’t need to call anyone or fill out tons of forms. Just add the TLL Policy online when you’re setting up or renewing your insurance. It’s all part of one plan, so you don’t have to juggle multiple bills.
2. No Deductible Saves Money
With no deductible, you’re fully covered from the first dollar. Most insurance plans make you pay something (like $500) before they help. Obie’s TLL Policy skips that step, which can save you a lot if something goes wrong.
3. Protection When Tenants Don’t Have Insurance
Not all tenants buy renters insurance. Even if they do, it might not cover damage to your property. Obie’s TLL Policy steps in to protect you, no matter what your tenant has.
4. Affordable Peace of Mind
At just $102 a year for a single-family home, it’s a small price for big protection. A 2025 report from the National Association of Insurance Commissioners (NAIC) says tenant damage is a top reason landlords file claims. This policy helps you avoid those costly surprises.
Source: NAIC, 2025 Industry Report
How Is Obie’s TLL Policy Different from Renters Insurance?
You might be thinking, “Isn’t renters insurance enough?” Let’s compare:
- Renters Insurance: Tenants buy this to protect their own stuff (like clothes or a TV) and cover their liability. It might help if they accidentally cause damage, but it’s not guaranteed to pay for fixes to your property.
- Obie’s TLL Policy: This is for landlords. It covers damage tenants cause to your rental property and items you provide, even if the tenant has no insurance.
Here’s a simple table to show the difference:
| Insurance Type | Who It Protects | Covers Property Damage? |
|---|---|---|
| Renters Insurance | Tenant | Sometimes, but not always |
| Obie’s TLL Policy | Landlord | Yes, up to $100,000 |
Obie’s policy is all about protecting landlords directly, making it a better fit for your needs.
Benefits for Tenants and Landlords
Both tenants and landlords gain from having a Tenant Legal Liability Policy. Let’s look at the benefits:
For Tenants:
- Financial Protection: You do not have to pay high repair or legal costs if you cause accidental damage.
- Peace of Mind: Knowing you are covered can help you relax and focus on enjoying your home.
- Simple Claims Process: Obie Insurance makes it easy to file a claim, even if you are not an expert in insurance.
For Landlords:
- Reduced Disputes: When tenants are insured, there are fewer disagreements about who should pay for damage.
- Quick Repairs: With insurance, repairs can start faster, keeping the property in good shape.
- Better Tenant Relationships: Tenants who have insurance are seen as responsible, which helps build trust.
Below is another table that shows the benefits for both groups:
| Group | Benefit | Description | Source |
|---|---|---|---|
| Tenants | Financial Safety | Low out-of-pocket costs if damage occurs | NAIC.gov |
| Tenants | Easy Process | Simple claims process designed for ease of use | 2025 Industry Report |
| Landlords | Faster Repairs | Quick assessment and settlement help repair damages sooner | IRS.gov |
| Landlords | Trust and Responsibility | Insured tenants mean fewer disputes and more responsibility | 2025 Industry Report |
Many obie insurance reviews praise these benefits, noting that both tenants and landlords enjoy the added protection and smooth process.
What Experts Say About Obie’s TLL Policy
Industry leaders agree that this policy is a game-changer. Laura Olson, Chief Insurance Officer at Obie, said:
“Real estate investing often brings unforeseen challenges, and with the TLL policy, we’re delivering a solution that meets our customers’ needs for comprehensive, easy-to-manage coverage.”
This shows that Obie understands landlords and wants to make insurance work for them.
The 2025 NAIC Industry Report also backs this up. It found that tenant-caused damage makes up 18% of all insurance claims in the rental market. That’s a big number! Having a policy like Obie’s TLL can help landlords stay ahead of these risks.
Source: NAIC, 2025 Industry Report
How to Purchase Obie’s TLL Policy and File a Claim
Ready to get this coverage? Here’s how:
- Go Online: Visit Obie Insurance and type in your property info for a quote.
- Add the TLL Policy: Look for the Tenant Legal Liability option and click to include it.
- Review the Terms: Read the policy terms carefully. Make sure you understand the limits and what is covered. This information is also available in simple tables on the website.
- Buy the Policy: Review your quote, then purchase your policy—all online in minutes.
- Filing a Claim: If an accident happens, file your claim as soon as possible. Log into your account on the Obie Insurance website or call their customer support. The process is designed to be simple and clear, with step-by-step guidance.
- Get Help: If you are not sure how to file a claim, customer service is available to help. This team is friendly and ready to explain every step in a way that is easy to understand.
Already with Obie? You can add it when your policy renews or call (773) 820-7132 to update your plan. It’s fast and easy!
Why Pick Obie Insurance?
Obie Insurance has been helping landlords since 2017. They’ve insured over $25 billion in property and are trusted by big names like Battery Ventures. Here’s why people love them:
- Fast Quotes: Get a quote online in minutes.
- Low Prices: Landlords save about 25% compared to other companies.
- Custom Options: Whether you have one property or many, Obie tailors coverage for you.
Check out Obie insurance reviews online—landlords rave about how simple and affordable it is!
Final Thoughts
Obie’s Tenant Legal Liability Policy is a smart way for landlords to protect their rental properties. It covers up to $100,000 per incident, has no deductible, and starts at just $102 a year. Whether a tenant breaks something by accident or you just want extra security, this policy has you covered. Plus, with Obie’s easy online system, you can add it in no time.
Don’t leave your property at risk. Visit Obie Insurance today for a quote and see how their TLL Policy can work for you. With the right coverage, you can relax knowing your investment is safe!