Know Your Insurance
Understanding Landlord Insurance
Renting out property can be a good way to secure additional income, but it doesn’t come without some barriers to entry. Specifically, investing in real estate and renting it out to tenants involves a type of coverage called landlord insurance, which differs from home insurance. Home insurance traditionally covers property, contents and personal liability to the resident and anyone else living in the home. On the other hand, landlord insurance covers property owners like you from financial losses at your rental establishments. It often covers the building, contents that you own on the property, liabilities that might come up from property ownership and loss of rental income. (more…)