Landlord Insurance protects landlords from events that can affect their investment. They have the option to purchase landlord insurance, contents insurance, building insurance or combined building insurance.
If you own a rental property, you’re vulnerable to the same risks of any homeowner, such as storms, floods and fire. You’re also vulnerable to damage that tenants can do to your contents. And if you can’t rent out your property while it’s being repaired or if your tenants break the lease or leave owing you rent, you could also loose valuable rental income. It pays to have landlord insurance, which is designed to help protect owners of investment properties.