Landlords face special risks that require special insurance protection. A few examples of losses or exposures that are covered in a Landlord Package Policy include:

• Loss of rent resulting from an insured loss
• Buildings with one or several units
• Varied residential or commercial occupancies
• Legal liability resulting from the activities of tenants
• Uninsured or underinsured repairmen

Landlord Package Insurance primarily protects you against loss to rental property, but it can also provide adequate insurance limits to protect your other assets from legal liability associated with rental activities. Despite the fact that renting residences to others is a business activity, many insurance companies consider the rental of four or fewer units to be a personal matter.