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What does rental property insurance cover?
Like a homeowners policy, it pays for repairs or rebuilding after a fire, vandalism and most natural disasters. But rental property insurance also covers everything inside the home that’s not owned by a renter, like appliances, furnishings, carpeting and window treatments.
It also covers elements of being a full- or part-time landlord that are not included in a conventional homeowner policy. Like if a tenant causes serious damage so you can’t rent out to others, your repairs and loss of income are repaid.
Liability situations including injuries, wrongful eviction and discrimination are often covered too.