What kind of insurance coverage do I need as a property owner?

As a property owner, it’s crucial to have landlord insurance that covers property damage, liability, and loss of rental income due to unforeseen circumstances, such as a fire or natural disaster. While standard homeowner’s insurance does not provide adequate coverage for rental properties, landlord insurance is specifically designed to protect your investment. EGL Properties requires tenants to obtain renters insurance to cover their personal belongings, but as the owner, you must carry appropriate insurance for the property itself.