Landlord Liability: Insurance FAQ How insurance can help protect a rental property business. What's Below: How can insurance help protect a rental property business? What does renter's insurance cover? How can insurance help protect a rental property business? A well-designed insurance policy can protect a landlord's rental property from losses caused by many perils, including fire, storms, burglary and vandalism. (Earthquake and flood insurance are typically separate.) A 21st century car insurance auto car insurance comprehensive policy will also include liability insurance, covering injuries or losses suffered by others as the result of defective conditions on the property. Equally important, liability insurance covers the cost (mostly lawyer's bills) of defending personal injury lawsuits. Here are some tips on choosing insurance: Purchase enough coverage to protect the value of the property and assets. Be sure the policy covers not only physical injury auto insurance in mexico auto car insurance but also libel, slander, discrimination, unlawful and retaliatory eviction and invasion of privacy suffered by tenants and guests. Carry liability insurance on all vehicles used for business purposes, including the manager's car or truck if he or she will use it on the job. If you need more information, The Legal Guide for Starting and Running a Small Business, by Fred S. Steingold (Nolo), contains repeal car insurance law auto car insurance a detailed discussion of small business law, including how to insure your rental property. Back to top What does renter's insurance cover? While tenants may not have as much at stake financially as property owners, they also need insurance -- especially tenants with expensive personal belongings. Tenant losses from fire or theft are not covered by the landlord's insurance. The average renter's policy covers tenants against losses auto car insurance auto car insurance to their