Insurance on Rental Properties - What is Correct?
When you own a rental property, it is important to be certain that the property is well protected and insured. As a landlord, you have specific needs when it comes to rental insurance, just as your tenant has their own needs as a renter! insuranceRental property insurance, or landlord insurance, will cover the risks associated with renting a home or condo. This type of insurance will cover things like:
- Loss of rental income
- Property damage
- Liability costs
Insurance will cover a vacation home or an investment property – and will help protect you from financial risk associated with tenants living in your property.