Landlord’s insurance (also called rental property insurance) is a type of insurance made for people who own a property and rent it out to tenants. It protects the landlord financially from damage, liability, and lost rental income.

Here’s what it usually covers:

 1. Property damage

Covers the building itself (and sometimes appliances or furnishings you provide) if it’s damaged by things like:

• Fire

• Storms, hail, lightning

• Vandalism

• Some water damage

• Theft (of landlord-owned items)

 Similar to homeowners insurance, but designed for rental properties.

 2. Liability protection

If a tenant or visitor is injured on the property and you’re legally responsible (for example, they slip on icy steps), landlord insurance can help pay for:

• Medical bills

• Legal fees

• Court judgments or settlements

 3. Loss of rental income

If the property becomes unlivable because of a covered event (like a fire), this can reimburse you for the rent you would have collected while repairs are being made.

⚠️ What it usually does NOT cover

• The tenant’s personal belongings (that’s what renters insurance is for)

• Normal wear and tear

• Damage from tenants on purpose (sometimes optional add-ons cover this)

里 Optional add-ons

Depending on the policy, landlords can often add:

• Eviction protection

• Rent default insurance

• Contents coverage (for furnished rentals)

• Building code upgrade coverage