Statistically, rental homes are more susceptible to damage than owner-occupied homes. Some tenants usually do not give the same care and attention to a rental property that they are renting, like a homeowner would for their own home.

Typically a rental property policy covers:

• The dwelling – whether it is a single family, townhouse, condominium, or duplex.
• Detached buildings – including a shed or garage.
• Premises liability – Liability protection for injury to tenants (or their guests) if you are held legally responsible.
• Contents – Including furniture or appliances that you own.
• Fair Rental Value – If your property becomes uninhabitable because of a peril covered in your policy, you will be reimbursed for rent you lose while repairs are being made.