Property protection in a landlord insurance policy typically helps cover physical property related to your rented home. This may include the dwelling and the equipment you keep on-site to help maintain it. Coverage generally includes:
This coverage contributes to the cost of repairing your rental home, condo, or apartment if it is damaged by fire, lightning, wind, hail, or other covered losses.
This section of your policy pays to repair detached structures on your rental property, such as a detached garage or fence, if a covered loss damages them.
All the foregoing coverage categories are subject to the deductibles and limits specified in your rental property policy. You must pay your deductible before your landlord insurance kicks in for a covered loss.
Suppose someone is hurt on your rental property, and you are found to be responsible. In that case, the liability section of your Rental Property insurance policy may help you pay for another person's medical bills or legal fees.
Additional Rental Property Insurance to Consider
You may want to consider adding additional optional coverages to your landlord policy depending on the neighborhood, geographic area, or condition of your rental. These protections may include the following: