What property owners need to know about landlord insurance

How does landlord insurance work?

Landlord policies operate just like a standard homeowners’ insurance but have a few key differences. First, landlord insurance applies to properties rented out to tenants, not to owner-occupied residences, which homeowners’ policies cover. It also comes with higher liability limits as rental property owners face more risks than those who occupy their own homes. Lastly, because landlords are reliant on their rental property for income, landlord insurance provides coverage for lost income, which homeowners’ plans lack.

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