What is Landlord Insurance?
Landlords make sizeable investments in the properties that they own, and it’s important to protect these investments. Landlord insurance gives landlords in Vermont a way to safeguard their properties from covered losses.
Landlord insurance is a special type of property insurance that’s designed to meet the unique needs of landlords. It may be used to insure single-family homes, condos, and multi-family units that are leased to tenants.
The coverages included in landlord policies are similar to those of homeowners policies, but they typically don’t offer quite the same protections.
The two primary coverages that landlord policies offer are landlord liability insurance coverage and property coverage. Landlord liability insurance coverage helps protect landlords from lawsuits that claim they’re responsible for injuries or property damage. Property coverage, depending on its terms and conditions, may safeguard a building and other structures on a property from many potential perils. Coverages similar to landlord liability insurance coverage and property coverage are found in most homeowners insurance policies.