What is Landlord Insurance?

Landlord insurance provides protection for your rental property. It offers coverage for things like damage. For example, if the property becomes uninhabitable. This also included coverage for injuries sustained on the property. These policies will offer peace of mind and protect your investment. Let’s learn some more!

What does Landlord Insurance cover?

Property Damage: This component will offer coverage if there is damage. For example, fire or major weather damage. Most policies will also offer coverage for the personal property of the landlord. This may include appliances left for the tenant to use.

Liability: This will protect the landlord if they are being sued by a tenant or vendor. It is there to help cover legal fees and medical fees incurred.

Loss of Income: In the event the rented space becomes uninhabitable, this will help cover that loss of income due to that event.

What is not covered?

Things like appliance malfunctions and tenant belonging. Tenants should have their over renters insurance policy to cover there belongings.

Riders and optional coverage

In addition to a normal policy, you can also inquire about additional riders. Including things like burglary, building codes, and non-occupied dwellings. Flood and earthquake coverage may be something to consider.

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