Landlord insurance, also known as rental property insurance, is a type of insurance policy designed to protect property owners who rent out their properties to tenants. It provides coverage for risks associated with renting out a property, such as damage to the building, liability protection, loss of rental income, and legal expenses.

Landlord insurance typically includes several types of coverage:

1. Property damage coverage: This covers the cost of repairing or replacing the physical structure of the rental property in case of damage due to covered perils such as fire, vandalism, or natural disasters.
2. Liability protection: This coverage protects landlords from legal expenses and damages if a tenant or visitor is injured on the rental property and sues for compensation.
3. Loss of rental income: If the rental property becomes uninhabitable due to covered damages, landlord insurance may provide compensation for lost rental income during the repair period.
4. Contents coverage: This covers the landlord’s personal property within the rental property, such as furniture or appliances, in case of damage or theft.
5. Legal expenses coverage: Landlord insurance may cover legal expenses incurred in situations such as evicting a tenant or defending against a lawsuit related to the rental property.

Landlord insurance policies can vary in terms of coverage options and cost depending on factors such as the location and value of the property, the type of rental property (e.g., single-family home, multi-unit building), and the level of coverage selected. It is essential for landlords to carefully review their insurance policy and understand what is covered and excluded before purchasing coverage.