FAQ Category: Rental Property Insurance

Yes, you still need rental property insurance to cover your property for a sudden loss as well as liability issues at your location, regardless of your relationship with the tenant.

Loss of rental income coverage helps protect your income stream for the time it takes to repair your property should it become uninhabitable due to a covered loss, such as fire or natural disaster.  

Some companies will offer a limited amount of coverage for damage caused by tenant. It’s recommended to have a thorough rental agreement with tenants to outline responsibilities.