Landlord insurance typically includes coverage for damage to the rental property caused by events such as fire, theft, vandalism, and other natural disasters. It also typically provides liability coverage, which pays for any legal costs associated with defending yourself against liability claims resulting from an injury or other incident on your rental property.
For the rental property, landlord insurance may also provide coverage for rental income, as well as coverage for personal property and additional living expenses. Additional coverage may also be offered for items such as legal expenses, property damage caused by tenants, and loss of rental income due to tenant default.
Landlord insurance can help give you peace of mind that your rental property and income are protected in the event of an unexpected disaster.