Landlord Insurance Policy | Rental Property Insurance
Landlord Insurance protects someone who rents out a home they own. Primarily, it protects the landlords, not the tenants. Many property investors acquire landlord insurance to provide security for their investment properties. If you need to repair your rental property or replace damaged assets or lost due to insured incidents, landlord insurance can help you. The policy may not have extended coverage but can offer loss of rental income when your building becomes unlivable or damaged from an insured event.
It is also a great idea to have broad form liability to protect the landlord fully. Because personal injury, advertising injury, and trespassing are part of broad form policy and not under the protection of Landlord Insurance or DP3. Moreover, if you are in a brush zone, you may have to get a policy as an order occupied. A California FAIR plan or Difference in Condition (DIC) insurance covers catastrophic perils not covered by standard insurance policies.
It is also a great idea to have broad form liability to protect the landlord fully. Because personal injury, advertising injury, and trespassing are part of broad form policy and not under the protection of Landlord Insurance or DP3. Moreover, if you are in a brush zone, you may have to get a policy as an order occupied. A California FAIR plan or Difference in Condition (DIC) insurance covers catastrophic perils not covered by standard insurance policies.
