What is landlord insurance?
Rental Property Insurance also called Landlord insurance refers to insurance policies that are designed to meet the needs of people or companies that own and rent out property. These policies typically cover property damage, for example, if a fire or storm damages the building. Landlord insurance also typically provides liability protection in case the landlord is sued by a third party, for example, if a visitor is injured on the property and files a lawsuit.
Who needs landlord insurance?
Landlord insurance is a smart investment for anyone who rents out property. This is true whether you have a single property or you own multiple buildings.