You have decided to become a landlord and rent out your home. It is important to have rental insurance coverage to protect your investment in the event of a loss. Some rental insurance policies do not cover damage caused by tenant vandalism. This coverage many landlords find important to have.
Sometimes the unexpected occurs, a fire or a pipe bursts and your tenants have to move out while the renovations take place. If your tenants cannot live there due to the claim, they will not be paying the monthly rent. Rental Income protection can be purchased to ensure you receive your monthly rental income due to an insured loss.