Should landlords (e.g., property owners) also have their insurance?
Yes, landlords should have insurance for their properties , including rent payment insurance. The bundle may include insurance for loss of rental income, personal property protection, legal protection, and landlord liability insurance (in addition to property insurance). Read more about these coverages on our website.
A tenant may inquire if the landlord has landlord liability insurance (OC), as such OC also covers damages to the tenant's property caused by the landlord's negligence (e.g., faulty electrical installation causing damage to the tenant's equipment or plumbing issues causing flooding in the tenant's area).
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