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Types of Coverage Available
Rental house insurance typically offers several types of coverage:
- Property Damage: This covers the physical structure of the rental property, including any detached structures like garages or sheds, against perils such as fire, wind, and vandalism.
- Liability Coverage: If a tenant or visitor is injured on your property, liability coverage can help pay for legal fees and medical expenses.
- Loss of Rental Income: If your property becomes uninhabitable due to a covered loss, this coverage helps replace lost rental income during repairs.
- Optional Add-ons: Depending on your needs, you can add coverage for things like flood damage, personal property, or landlord furnishings.