A home or unit you rent out is a different risk from one you live in. Landlord coverage is written for owners who let others live there.
What it generally covers
- The building
- Liability for tenant and guest injuries
- Loss of rental income after a covered loss
Where gaps often hide
- Your tenants’ belongings are not covered
- Vacancy can limit coverage
- Short-term rentals may be treated differently from long-term ones
- Flood is excluded
Questions worth asking
- How are short-term rentals treated?
- What happens if the property sits vacant?
- Should the lease require tenants to carry renters insurance?
General information only. Actual coverage depends on your policy, and coverage is not in force until confirmed in writing by the agency.