Rental properties can be a great investments and source of income. The right Rental Property or Landlord Coverage can help to safeguard your investment.
Rental Policies provide Personal Property Coverage which protects the structure itself from damages caused by fire, lightning, hail, ice and more. Additionally, any of the landlord’s belongings within the property, such as appliances or furniture, are also covered.
Liability Coverage is also included and works to cover legal fees and medical costs in the event of a tenant or guest being injured while on the property.
As a Landlord, it is a good idea to require that tenants obtain a Renter’s Policy providing liability insurance and naming the landlord as an "additional insured".