Landlord insurance is a policy that helps cover a property owner from financial losses connected with rental properties. A landlord insurance policy covers the physical building with the option of covering any contents that belong to the landlord that are inside.

A landlord insurance policy typically helps protect the building and other physical structures on the property if there’s damage from fire or another covered loss.

Personal property coverage provides protection for any property left behind or stored at the rented property that is used to service the property. Examples would be a lawn mower, trimmer, ladder, etc. If personal items are left behind that are not used to service the property, they may be excluded from any claim.

Liability coverage provides liability coverage relating to the rented premises. If a tenant becomes hurt in the rented property, the liability coverage on your landlord policy may help cover the resulting expenses whether they be medical or legal fees.

Loss of income will help compensate you for lost income in the event that a rental property becomes uninhabitable due to a covered loss. This coverage will help take place of the rent that would have been collected if there were no claim.