No matter how many properties you own every landlord known that they need to take measures to protect their investment.  All too many landlords neglect to purchase adequate insurance for their properties.  Most regular home insurance policies will not cover properties which are occupied by tenants.  To have protection for your rental properties you need to have landlord insurance.  

There are many different types of landlord insurance policies and it helps to learn a little bit about them so that you can find the one that best suits your individual needs.  It is important that you are insured for all those things that can cause damage to your property.  If you are underinsured you can end up paying thousands of dollars to make needed repairs to your building.  

There are many different factors that will go into determining the final cost of your policy.  Some of the things the insurance company will look at are the type of tenants that you have and the location of the properly. Many times high risk tenants, such as students, will come with a higher premium than professional tenants. 

One important part of your policy will be coverage for the building itself.  This will protect the building in case of damage caused by fire, accidents, or natural disasters.  This will save you from paying the total cost of repairs to in the event of one of these incidents.  Many insurance policies will also include protection against malicious damage done by tenants and any loss of rent that you may experience while repairs are being made.  

You can also get a policy which covers the contents of the building as well.  This will provide protection for the fixtures inside the building such as appliances, window treatments, and flooring.  If you are renting or leasing furnished units you may want to consider purchasing a policy which covers all the items that are inside including the furnishings.