Rental property can be a great investment if you have the proper insurance protection in place. The policy will include Loss of Rents coverage to protect you from any loss of income when your rental property has been damaged by a covered peril and becomes uninhabitable while being repaired. Landlord liability insurance options can protect you if someone is injured on your property or you are required to pay for property damage done to someone else’s property. It can also protect against personal injury, wrongful eviction, or wrongful entry as well as other non-bodily injury claims such as libel or slander.
A Landlord policy will cover property damage to your structure and personal property due to fire, water damage, storm damage, vandalism and theft subject to policy conditions. Landlord liability insurance options protect protect you from any loss of income when your property has been damaged by a covered peril and becomes uninhabitable while being repaired.