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Landlords renting out a residential property may assume that their homeowners insurance will cover all the costs of losses incurred while renting out their property. However, in most cases, homeowners insurance will only cover owner-occupied homes.
This is where landlord insurance comes in. These policies come in all shapes and sizes. It’s important to consider your specific needs to protect your rental property. As the landlord, your responsibility is providing coverage on the structure itself and your financial interest in it.
Contact one of experienced agents for more information on how to protect your rental property.